Archive for the ‘Life Insurance for Single Parents’ Category.
This depends. From a moral standpoint, those payments you receive from your child’s other parent are meant to be used to provide your child a life that is comfortable, happy and healthy, not to pay insurance premiums. However, should you find that you are supporting your child comfortably on your own and have a college [...]
There are many options you can choose to benefit your child, if your child’s other parent has made you the beneficiary of their life insurance policy and has passed away. For a child that is a still a minor, consider this: setting up a trust (with you as the trustee) with some of the funds [...]
To determine how much life insurance a single parent needs can be a complex puzzle. Single parents have unique concerns that other insurance holders do not have, such as where their child will live should they die. Consider if your child will live with someone who will have the financial security necessary to support a [...]