Single Moms are unsung heroes. You are taking on the responsibility that, typically, two people share. Between helping with homework, cooking dinner and mowing the lawn, you're guiding your children to emotional and physical well-being. Chances are, you are accomplishing all this while holding down a job.
That. Is. A. Lot.
You are not alone. In fact, the CDC (Center for Disease Control) reported that 4 out of 10 children are raised by single parents (2013 statistic). And, here's the scary stat: "85% of uninsured single moms feel their family would be in financial trouble immediately or within several months if they were to die." (LIMRA, Flying Solo, 2011)
Here are four reasons why it's extra important for single moms to get life insurance:
1. You are your child's one and only. If something were to happen to you, the financial burden can be much greater.
2. Consider life insurance as a backup plan for college expenses.
3. Life insurance can cover your child's daily costs, such as childcare, food, clothing, and housing.
4. Peace of mind. That's priceless!
The good news is that it's easy to purchase life insurance and it's super affordable. In fact, for about a dollar per day, you can receive coverage. You can research your life insurance needs here, using the Life Happens (a nonprofit life insurance awareness organization) calculator.
The most important thing is to take action. Your future self will thank you for doing something super responsible. To receive a free no obligation quote, click here.