By Erica Grado, For USBA
Ask any parent how they feel about school supply lists and they’ll likely have an opinion. They either love them or hate them. There is no in-between. Yet, at the end of the day, it’s about setting your child up for success in the upcoming school year.
In fact, you’ve probably been planning for their future since before you met them. And by now you know life doesn’t always go according to plan. So while you can’t predict what will happen, you can help protect their financial future with life insurance.
September is not only the start of back to school season, it’s also Life Insurance Awareness Month. You may think these two have nothing in common, but like shopping for school supplies, you first need a thorough assessment of your child’s needs to plan for the year ahead. The same goes for life insurance.
Did you know you should review your life insurance annually…or at least every time you have a major life change to ensure it’s keeping pace with your family’s needs? Marriage, having children, buying a house, saving for college, and especially income changes are all great reasons to make sure you still have enough life insurance to meet the financial obligations your loved ones would be responsible for if something were to happen.
Sure, you may have employer-sponsored life insurance, but is that really enough? Ask yourself, are your needs the same as they were 2, 5, or 10 years ago when you first got that policy? Having life insurance coverage that isn’t tied to your employer, gives you the flexibility to change it as frequently as your needs change. And supplementing SGLI with a portable life insurance plan now, like one offered through nonprofit USBA, provides coverage that moves with you- in and out of the service.
So you’re in control.
Another way to protect your family’s financial future is by securing life insurance for your children while their young. For example, USBA’s children’s term life insurance allows you to cover all eligible dependent children with one rider on your USBA group life insurance plan. Or you can choose USBA’s First Steps Group Whole Life insurance, a permanent plan which helps set them up for financial success as an adult. And the younger they are- the lower the premiums.
You know you need life insurance, but how much do you need and how much is it really going to cost you? Don’t stress, USBA is here to help. Get a free needs estimate here during the month of September and be entered for a chance to win a $100 VISA gift card.*
You can’t control your future, but you can make sure you have the right supplies to make your plans a reality.