Helpful Articles
How to provide for your family with no savings: Life insurance
When creating an estate plan, many parents with young children have one big concern: Who will provide for our children financially if something were to happen to us?
One of the most important goals of parenting is ensuring your children’s long-term financial stability. A key tool to help achieve that goal is life insurance.
Before addressing the financial aspect, the most impactful step you can take is to designate legal guardians for your children in your will. This simple act can make an enormous difference in your child’s life if something were to happen to both parents. Without named guardians, your children may end up in the court system, where a judge will appoint a guardian on your behalf. For guidance on choosing the right guardian, read more here: How to Answer the #1 Question for Parents: Who Should I Choose to Be the Guardian of My Child?
