In light of Fathers Day, we want to take time to show appreciation to all the fathers out there who sacrifice to build a better future for those they love both day-in and day-out. A future that is being built to bring about a brighter generation, filled with potential and opportunities for growth. For many, our fathers are the heroes in our stories. From the smallest gestures to the more difficult life decisions, you as fathers have done it all to ensure your family has the support it needs. We would like to say thank you to all of our fathers as well as all fathers for the support and love you have shown.
This Father’s Day, it’s time to switch it up and give your family a gift for a change. And there is no better gift than the knowledge that you will love and protect them, even when you’re no longer there. Financial security and peace of mind is priceless, and life insurance goes a long way in securing both.
Whether your children are adults with families of their own or you’re just starting out as a father, it is vital that you don’t leave your family’s financial future up to chance. So amid all the tools, mugs, and grill supplies that you might receive on Father’s Day, be sure to respond in kind with the gift of lasting protection and security.
Recently, there has been a substantial decrease in the number of fathers who have life insurance coverage for their families. According to research from LIMRA, men in the U.S. are at their highest earning potential between the ages of 35 and 54. While half of these are fathers, there is a shrinking demographic of fathers in this age range that hold life insurance policies.
In fact, despite the fact that life insurance has become more accessible and more versatile than ever before, 39% of men in the U.S. are completely without coverage.
This leaves their families woefully unprepared for the unexpected. Life is unpredictable, and you don’t want to leave your family suddenly without the financial support they need.
While it is true that, in recent years, fathers are spending more time with their children and there is a greater distribution of child rearing and income earning between both parents, the sudden loss of an income can be devastating for a family. In addition to the grief of losing a spouse or parent, they must also contend with financial difficulties for which they are not prepared. If you work in a high-risk job such as the police force or as a firefighter, the need for life insurance is all the more clear.
As a father, you may often worry about your family. You want the best for them, and you hope that you can provide the best in any circumstance. You may wonder how you are going to afford a car for your daughter or how your son will be able to get into the university of his dreams. Life insurance will help you be the provider you hope to be even if you are unable to do so directly.
So coverage serves as a gift not only to your family, but also to you. It is the gift of peace of mind and assurance that, should the unexpected happen, your family will be cared for. For men and fathers in the prime of their lives, this kind of security is invaluable.
One of the most common mistakes that are made when it comes to life insurance is not getting enough coverage. In the worst case scenario, you pay into a policy for years and, if you should pass, your family is still not sufficiently covered. This may result in forcing your family to give up on certain life goals, sell the house, or even file for bankruptcy.
There are many different options for life insurance coverage and each policy should be tailored to your unique health status, career, income, and dependant situation. A policy for one father who has one child and works in an office building will be much different than the policy for a roofer with four children. There are even policies that don’t require a medical exam.
So how can you know which is best? Just like with any large purchase, it is important to seek the advice of professionals before diving in. You shouldn’t buy a house without a realtor, you shouldn’t go to court without a lawyer, and you shouldn’t purchase life insurance coverage without an agent. Your agent will help connect you with the policy that meets your needs and the needs of your family without overspending.
Here at LifeQuote, we make use of a client-first approach that allows us to help you get a customized policy that offers sufficient coverage at an affordable rate. Our life insurance experts walk with you every step of the way to make sure that your gift of love and protection to your family is both robust and effective. Contact us right now for a free quote and to see how we can help you give back this Father’s Day.