Life Insurance: Why No Single Mom Should Go Without It



Now let me start off  by saying I’m not licensed to sell anything nor am I attempting to do any affiliate marketing stuff…LOL. As sure as the sunsets there will be issues that we face in life that will challenge ones finances.   There is never a bad time to reevaluate your financial readiness for life’s emergencies, especially as they relate to death. Insurance, in particular life insurance is a financial product that every single mother should have. Should you pass away before your children, leaving them to worry about burial expenses is simply not fair; neither is mourning the loss of a child while worrying about burial expenses.

Funeral expenses have risen over the years. Between the cost of the casket, funeral home services, body preparation and burial site expenses; the cost for a proper burial can easily range from $6000-$10,000.  I’m sure there are other low cost alternatives, but on average expect to pay that amount. According to CNN Money, there are four types of basic life insurance policies:

Whole-life policies, a type of permanent insurance, combine life coverage with an investment fund.

Universal life, a type of permanent insurance policy that combines term insurance with a money market-type investment that pays a market rate of return.

Term life a straight insurance with no investment component. You’re buying life coverage that lasts for a set period of time provided you pay the monthly premium.

Variable life and variable universal life are permanent policies with an investment fund tied to a stock or bond mutual-fund investment.

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If you already have life insurance and are looking to supplement it with smaller policies; employers’ and credit unions offer life insurance products at little to no cost.  Whatever you decide, don’t delay.  Survivors deserve to live in peace and the deceased should truly be able to rest in peace.


Janet Michelle, xoxo

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