Quality Quick Quote is here for mothers who need help. If you are a single mother and you are not sure what to do when it comes to getting life insurance, then you have come to the right place. QQQ would like to give you our tips when it comes to choosing life insurance.
As a single mom, what you are mostly concerned about is making sure your child is taken care of during their growing up years. Because of this, we believe a term life policy would do the trick. You can get coverage for up to 30 years and the premiums on such policies are much cheaper than a whole life option. If you outlive the policy, there is always the option of renewing.
It’s never fun to guess how long you will live. It is, however an important element to consider when shopping for your policy. Consider how old your child is and how much you can afford on a monthly basis. After considering these things, choose a policy that will keep your child protected until they can provide for themselves.
Do It While You’re Young
It’s important to look into these matters as soon as possible because most policies are cheaper when you are younger. You will want to lock in cheap premiums at a young age while your health is still good.
Look at Individual Policies
Your job’s coverage may not be all it’s played up to be. It might be convenient but it might not be the best deal you can find. Work policies are often based on the profile of the people you work with so even though you are younger and healthier, you may be paying the difference for someone else who does not take good care of themselves.
Remember also that if or when you leave your job, your policy does not come with you. So even if you are getting a better deal with them it may be smarter to consider an individual policy.
Don’t Overdo It
Get what you need, not less but most definitely not more. The point is to take care of your child should something happen to you, not to let them mooch off of what you left them. Consider purchasing a coverage that is equal to 6-10 times your annual gross income.
Check For Discounts
If you pay through an automatically withdrawn account every month or pay your premium annually, you might qualify for a discount that some insurance companies offer.
Check Back In
You will want to take a look at your policy at the very least every three years. When your circumstances change, often times, your rate could lower. If you do replace a policy, give the new one enough time to take effect before voiding the old one. This will avoid any lapse in coverage.
QQQ is Here to Help
Let us do the homework for you. Give us a call at 1-844-571-7877 or visit our website! One of our licensed professionals will find you the best life insurance options available including advice on the style and amount of coverage for your situation.