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Why Every Mother Should Purchase Life Insurance

According to a study by Genworth Financial, 43% of married mothers have no life insurance and 59% of unmarried mothers have no life insurance. We’re here to tell you moms that you are no less important than dads, so why do you have less life insurance protection? Whether you’re a working mom, single mom, or a stay-at-home mom—you need life insurance.

Every type of mother needs life insurance.  Single mothers, stay-at-home mothers, working mothers; they are all valuable.  

Single mothers are arguably, the most in need of life insurance.  When married couple purchase life insurance, they plan their future on one of them being alive for their children.  Single mothers do not have that luxury.  Single mothers who purchase life insurance will ensure that their children will have a secure future if they do pass.

Salary.com estimates the average stay-at-home mom is worth an annual salary of $112,962.   A stay-at-home mother’s daily tasks are endless.  If you were to pass away suddenly, your spouse would need to pay someone for the following services or find time to take care of them himself:

Daycare
Transportation to and from school and other places
Cook meals
Clean the house
Go grocery shopping
Do laundry
Help with homework

 

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2024