Most people benefit from having at least some life insurance coverage. It can be hard to find the right policy. It can be especially hard if there are pre-existing conditions or health issues that might affect your eligibility for certain life insurance plans. However, there are life insurance options available for people who can't get a medical exam.
Life insurance is crucial for parents to have. Although many full-time employers offer a certain amount of coverage, it's often not a large amount (1-2 year's salary, which runs out really quickly with all of the expenses associated with loss of life). Stay-at-home-parents need life insurance as well as working parents - they may not have income to replace, but there can often be extra childcare costs, depending on the age of the children at home.
It's not an easy topic to think about, and it's not always easy to know exactly how much you need - but anything is better than nothing. There are a variety of types of policies out there, too - whole, term, universal, and more. It's good to have a basic understanding of life insurance types so that you can choose a policy that is right for you. You might need to consult with a financial planner or other expert to make sure you have the coverage that is right for your family.
Whatever you and your family decide to do for life insurance, make sure you have enough life insurance to cover expenses like funerals, extra child care, loss of income, and potentially even enough to pay off loans - you don't want the surviving family members to have to worry about the debt that is left behind. Even if you have pre-existing conditions or medical issues, it is still possible to get a policy that you can afford that will provide your family the coverage they need, you just need to do some research to find the right policy.
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