Is it necessary for a full-time wife or full-time husband to purchase life insurance?

In the Chinese community, many families have one person working full-time, while the other person takes care of the family and children at home full-time.Usually we think that the work pillar that makes money at home needs to have alife insurance——In the event of any accident, the life insurance compensation can save the spouse who takes care of the children full-time at home from financial difficulties.

butAmerican Life Insurance GuideIn today’s introduction, the full-time spouse who takes care of the children at home takes on a variety of jobs such as chef, nanny, cleaning aunt, family education, pick-up driver, and so on. The full-time wife or full-time husband plays this role in the family, which means that we take A lot of responsibilities, therefore, also need the protection of life insurance.

American Life Insurance Guide Network©️In the following article, a full-time wife or full-time husband needs to be listedlife insurance5 reasons:

1. The value of replacing family labor: Taking care of and taking care of the family full-time at home is a hard job, and you should put a price on this kind of work.According to the statistics of salary website Salary.com on the job type of taking care of children full-time at home, the daily labor of full-time wife or full-time husband for the familyThe converted annual salary should be $17 a year.If any accident happens to the person taking care of the family full-time, the spouse will have to face the cost of taking care of the family.Especially in the high cost of raising children, life insurance is the best choice for families with full-time wives or full-time husbands.
   
2. Pay expensive funeral expenses: According to statistics from the funeral service company Parting, the average American spends on funeral services is $7,000 To $10,000.When we are already facing the pain of losing a loved one, the related expenses will undoubtedly increase our bills.A life insurance policy can help pay for related expenses after the death of a loved one, so that the remaining families will not be financially worse.
   
3. Pay off debts:Most of our families have certain debts, such as car loans, housing loans, and student loans.If the loan is jointly borrowed by a spouse or others, if one of them encounters an accident, then this part of the debt will face the problem of repayment.Using life insurance can help pay for these debts and free family members from the pressure of debt.
   
4. Leave a legacy and memories:If a full-time wife or full-time husband has a charitable organization or non-profit organization, favorite alma mater or religious site that she supports and likes, then useLife insurance claimsMaking charitable donations can leave a memory of the deceased for future generations.
   
5. Health status changes at any time: Many people subjectively believe that because "some health conditions exist", "insurers will not approve life insurance policy applications."But the reality is that many common and manageable health conditions will not cause you to be denied insurance.If we can apply for one when we are young and healthyLife insurance, It means that we can enjoy life-long protection at the best policy price.

Article summary

Although the status of full-time parents is far from being replaced by a life insurance policy, configuring a life insurance policy can help every family manage the many risks of appeals.From the above five perspectives, the core of the American Life Insurance Guide Network©️ emphasizes the first point-Recognize and protect the work of family members who take care of their children full-time at home.

Each of our families is supported by these two economic pillars: creating "obvious" direct income for the family and paying the "hidden" cost of taking care of the children and taking care of the family.For a stable family, the importance of each pillar is self-evident, and it is also indispensable.

Understanding the functions of American life insurance in real life, and gradually implementing reasonable protection allocation for family members under the circumstance of ability, has become a financial risk management tool that every Chinese family living in the United States needs to learn.Passive and professionalLife Insurance AdvisorOrbrokerDiscussion, not only can help us understand the American life insuranceMultiple functions, Learn more about American family financial management, and choose insurance products and design schemes that suit you more reasonably, so as to achieve the purpose of truly protecting yourself and your loved ones.