Astounding as it may be, this startling fact should have every single parent rushing to financial professionals across America. According to a recent press release by Genworth Financial, Inc, "69% of single parents with children living at home and 59% of those who do not have children living at home - have no life insurance."
As a single parent this fact has to hit home. The light bulb just went off; you are now considering why this fact is so alarming. Imagine all you do for your children. Now, imagine if you weren't here to do it. The uninsured are at risk, but the single parents' situation is rather precarious. Life insurance companies have recognized the need to take the fear out of life insurance through education. Insurance companies provide easy to use online tools which help assess coverage needs. Today's tools are more robust than ever and allow for customization.
Their future depends on you.
Have you ever asked your children what they want to be when they grow up, they dream big. As parents we provide so that our children's dreams are turned into reality. If your children can think about their futures, surely you can as well.
Life insurance is more affordable than you think.
Don't be intimidated by not knowing the cost upfront, speaking with a financial services professional is typically free and they can help you come up with a plan that works for your unique situation. There are many insurance companies to choose from. New York Life offers a wide variety of products which may meet your life insurance needs.
Why not today?
A few moments out of your day can ensure that your children dreams will be protected. Being a mother or a father is one of the most important jobs anyone will ever have. Life insurance is one of the most powerful tools with very affordable options that can get you the security you have been living without. This is an easy decision, your single, not dead, so the time to act is now.
Sophia Mitchell is a Financial Professional and MS Candidate at Northwestern University.
Follow her at @SophiaMitchell4