Family is the most precious thing that we own. Everyone can have a great, very successful career, but it is of no use, if nobody is waiting for you at home. The main aim of our life is continuation. We have to continue ourselves in our children and grandchildren.
This desire leads us to one important step, that we for sure make – some of us in the youngest years and the others a little later. We find the love of our life and get married. Later we give birth to our children. It is the time we become independent from our parents and … dependant from our children and spouse. Now our good mood and peace of mind depends on their safety. And it is a moment we start thinking about family life insurance plans.
Family Life Insurance Plans – What We Can Get in the Market?
Insurance market is full of different insurance ideas and plans. It is possible to get lost among them as the child is lost among the various stalls at the local fair. Let’s make a kind of classification of different family plans to sort out this chaos of ideas.
Family insurance plans can be divided into three large sections. The first one is family term life insurance plan, the second one is family catastrophe life insurance plan, and the third one is family health insurance plan. In general family insurance plans include the group care of all members of the family. As children are the main members of any family, we will discuss family plans for children separately.
So as for the first category, it is the most complex insurance plan. It includes expanses on health care or funeral of any member of the family. Besides it covers such areas of life like education, various loans, and the protection of the house if the family owns the residence. Thus this insurance plan for all members of the family is universal. In case of a disaster or the appearance of critical illness or sudden disability, any member of this family is cured and cared about. The other members of this family get some guarantees that in future they won’t lose their house or stop visiting college. They get this guarantee from an insurance company.
Usually family term life insurance is bought for a decade (or two decades etc). The average coverage of this policy is $100, 000 and more.
The other group is insurance against catastrophes and disasters. Life is unpredictable and every day any of us can become a victim of a hurricane, or flood, or car crash. It is very important to have some money in hand to get the necessary medical help or to recover your property. This kind of insurance plan is supposed to be used in this occasion.
The last group deals with a well-known and commonplace topic – health. Health is priceless and it is very easy to spoil it. Unexpected diseases or an incident – everything can happen. Health insurance policy will help you not to worry at least about money.
What distinguishes family insurance plans from individual insurance plans? The price, first of all. I am sure, that you want to care about yourself, your spouse and your children. If you buy numerous policies you will pay much more, than if you get a group one – family insurance plan.
Of course, if you have a child or children, you know, that there’s the life that is much more precious for you than your own. How to protect our children from incidents and disasters?
Child Life Insurance – Buy the Policy and Sleep Well!
Some parents think, that getting child life insurance is not a good idea. There are some facts to prove it. Thus children are quite healthy in average. They don’t visit their doctor as often as people of elder age. Sometimes they come into a trouble – break the leg or disjoint the wrist. But very often they don’t stay alone – they are watched by the nurse or teacher that keeps little creatures from traumas.
In spite of all those proofs, loving parents still get the child insurance. Thus they can be sure, they will have enough money in case of a necessity. By the way, it costs a nuisance to include your child – or children – to your family policy. To add a child to your family plan costs in average $7 per month. Many insurance companies include all the children that you have in your family to your policy for one and the same price.
If I have convinced you and you are ready to purchase the policy for the whole family, you can study different kinds of family plans online or ask your employee, if he offers family insurance plans for his workers. If he doesn’t – you can initiate and propose this idea to your employee. He can get some fee profits for the company and you will get family protection – everyone is pleased.
But if you have no choice and must look for family life insurance quotes by yourself, keep in mind these ideas.
Family Life Insurance Quotes – What Exactly Do I Need?
Of course, there are thousands of different insurance quotes. You can insure almost everything, starting from the insurance of your children and ending with the insurance of your pets and home plants. We speak about family insurance quotes in general, so what do an average family man needs to estimate?
If you get family insurance quotes at some site or from your agent, you will be asked a series of questions.
At first you will be asked, where you work at, if you work the whole day or just a part of it. Then you will tell, how many children you have. After that you will give some information about your spouse. If she (he works), the place of work and the level of income of your family. Due to this information, your family quotes will be calculated.
If the level of income is too low (less than $16,000 per month), you can claim for a subsidy.
As you see, family insurance plans are the kind of a profit. Although the monthly rates for insurance of the whole family are a little more costly than those for individual policy, still you have profit and protect all the members of your family. First of all it is the care about your children. You spouse also needs some attention, as you see. There are various kinds of contracts, so you can just take some time to study them and to choose the best variant for your unique family.
So don’t hesitate – get different family insurance quotes, stay healthy and calm!