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Provide income for your family should you die


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Unexpected and/or premature death of a parent would be a major financial calamity for a family. Having a child will typically increase the financial needs that have to be provided in the event of the death of a parent.

The following resources may assist you in learning how to provide income for your family should you die:

Who Needs Life Insurance?

Myths About Life Insurance

Explaining the Life Insurance Calculation

Life Insurance Needs Calculator

Interactive Needs Calculator

Term Life Insurance

Why Term Life Is Best for Most People

Make Term Life Policies More Flexible by Layering


Having a Child Tasks

1. Protecting against risk
2. Updating your estate plan
3. Arranging child care
4. Revising your spending plan
5. Saving for your child’s education

Protecting against risk Subtasks

1. Obtain the right health insurance
2. Protect your income through disability income insurance
3. Provide income for your family should you die

Permanent link to this article: http://napfafoundation.org/financial-help/having-a-child/1-improving-your-protections-against-risk-through-insurance/providing-income-for-your-family-should-you-die/