Insurance for Those With Grandchildren at Home

Insurance for Those With Grandchildren at Home

Recent data may offer new insight into the changes that have affected American families in recent years – changes that can affect everything from financial well-being to life insurance decisions.

According to the Pew Research Center, about 10 percent of U.S. children currently live with a grandparent, with the trend having risen particularly sharply from 2007 to 2008. The center added that about 41 percent of the children currently living with a grandparent are also being primarily raised by them as well.

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How do I start a trust fund for my children?

How do I start a trust fund for my children?

Not only can cash from a life insurance policy help settle present financial matters, it can also ensure that your family’s dependents are taken care of down the road. Children are the most in need of financial support that can stretch from a few years to a lifetime. Additionally, you or your spouse may need funds during the grieving process before returning to employment.

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Why life insurance is beneficial for stay-at-home moms

Why life insurance is beneficial for stay-at-home moms

Many women are behind in purchasing life insurance policies. Nearly one-third of women have not purchased a life insurance policy and two-thirds of women who own a life insurance policy believe they have not purchased sufficient coverage, according to the Money Times.

Women should consider purchasing a life insurance policy if their families depend on their income, whether in part or in full. It is always best to plan for the worst in order to prevent financial hardships in the face of a sudden death.

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