When it comes to protecting yourself and your family, holistic protection is key. Most of us know that we may need life insurance. But the risks of disability are high and the financial repercussions can be devastating. So, while we can’t predict the unexpected, we can better prepare for it.
Term Life + DI = better protection
If you are just starting your career or are looking for affordable coverage, term-based disability and life insurance, which offers coverage for a set period of time, may be a good option. With Guardian, you now have the opportunity to add both to your protection plan. You also have the ability to convert to a more robust disability plan in five years as your income grows. That’s reliable coverage for your family.
Being the bread winner in the household is an important role, but it isn’t the only role. Many spouses take on the responsibility of managing the home, a job that may not earn a paycheck, yet provides significant value that would be detrimental to lose in the event of a disability. Replacements may need to be hired, which can prove to be very costly. In fact, the duties of a stay at home parent alone can add up to $178,201!1
That is why having income protection that includes spousal coverage may be beneficial for you and your family. Protecting your spouse from those “what if” moments is an important piece in helping to ensure that your household is protected. At Opes One, let us help you focus on protecting your entire household and better plan for life’s “what if?” moments.
View this flyer to see how spousal coverage can make a difference for you and your family.
1 Moran, Porsche; How Much Is A Stay-at-Home Parent Worth?, Investopedia, Updated Mar. 21, 2020 https://www.investopedia.com/financial-edge/0112/how-much-is-a-homemaker-worth.aspx