I have a new baby. Do I need life insurance?What do I need to know? Who can I trust?
You’ve heard it before … having a baby changes everything. And while life insurance might not have been on your mind before … there is a newborn relying on you. We’ve made getting coverage simple and easy so you can make sure your family is protected financially if something happens to you.
How life insurance works
Life insurance can give your family a lump sum death benefit if you were to die prematurely. They depended on you and your income to support their basic needs like food and housing as well as their dreams like rep sports and higher education.
Types of life insurance
There are two main types of life insurance – Term & Permanent
1. Term life is temporary. Its the most affordable and is typically the type purchased after the birth of a child. Your coverage need is highest when you are younger and have a newborn. Typically, the term might be 10 or 20 years. It renews every term period e.g.) every 10 or 20 years and expires at some point eg) age 85.
2. Permanent life insurance lasts your entire life. It costs more and most new parents will hold off until daycare costs are finished to convert their term to this type of policy. Permanent insurance has many features beyond just the death benefit like cash values you can access in retirement.
Both parents need life insurance
It’s not just the breadwinner who needs life insurance. Stay-at-home parents should have coverage too, even if they don’t earn income. A stay-at-home parent provides valuable services, such as child care, that the surviving parent would have to pay to replace. A life insurance payout could also enable the surviving breadwinner to take a few years off work while the family regains footing.
We’ve made it super easy to get you covered.
Step 1: Fill out the contact information below. Your age, sex, and income help us to do an initial assessment of the type and amount of coverage you might want.
Step 2: You will receive a follow up email to book a time for your WebCall with Kathleen van den Berg, who is a licensed insurance agent.
Step 3: You will receive a link via email at the time of your call where you will discuss the amount, and type of insurance available to you and you can apply right then and there or book a follow up time.
Step 4: Depending on your age, health, and the amount of insurance you apply for you may require a nurse to visit. The nurse will may ask for a blood and urine sample, will measure your height and weight, and ask you health questions as well as take a family history.
Once approved, your policy can be emailed to you directly. Other than the medical, no insurance agent will visit.
*Please note that Discover Birth does not receive any proceeds from your insurance purchase. We simply believe this to be a valuable product and recommend this advisor. As always, we encourage you to make the decisions that are best for you and your family.
Your web call will be with Kathleen van den Berg who is a Certified Financial Planner and Chartered Life Underwriter. She has 20+ years in the insurance industry, of which the last 10 years has been as a licensed life insurance agent. She is an insurance broker, representing a variety of different companies.
Where to find more info
More information on Kathleen can be found on her website KAVWealthStrategies.com