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Saint Paul, MN, is a great place to live and raise a family. Life changes dramatically once you become a parent. While there are many joys when raising a child, it is also costly. You’ll need to re-examine your life insurance needs once you become a parent. You may decide you and your growing family will need extra life insurance.
Why Do You Need Extra Life Insurance?
Even if you already have life insurance, you probably either don’t have enough, or it doesn’t adequately cover the needs of your new family. For example, both parents should be covered, even if one is the primary provider and the other primarily stays home with the child. If a stay-at-home parent dies, the surviving parent would need money to pay for many expenses, including childcare.
What Are Your Options?
It would help to research the several types of life insurance coverage before choosing. Life insurance generally falls into two categories.
- Term Life Insurance: Term life insurance covers a certain period, such as 10 or 20 years. This type of coverage is usually more affordable and can be used when starting a family and building savings.
- Permanent Life Insurance: This life insurance is adequate if you have the policy. There are several types of permanent life insurance, such as whole, universal, and variable life insurance.
How Can Rising Star Insurance in Saint Paul, MN Help?
At Rising Star Insurance, we’re locally owned and serve the Saint Paul area. We offer several types of insurance, including life insurance. Contact us today in Saint Paul, MN, to find out what type of life insurance policy is best for you and your family.