You're Everything to Your Kids. What Happens If You're Gone?

Single parents typically need more coverage than dual-income households because there's no second income to fall back on. The general recommendation is 15-20x your annual income, plus mortgage balance, outstanding debts, and future education costs. For a single parent earning $60,000/year, that's $900K-$1.2M minimum.

Without life insurance, your children's guardian would need to cover all expenses from their own income. This could mean your children moving, changing schools, or the guardian struggling financially. Life insurance ensures your children maintain their standard of living and have funds for education.

Yes. A $500,000 20-year term policy for a healthy 30-year-old costs about $20-25/month — less than most streaming subscriptions. And the price is identical whether you buy direct from a carrier or through an independent broker like us.

Minor children cannot directly receive life insurance proceeds. Instead, you should set up a trust and name the trust as beneficiary, or name a trusted adult as beneficiary with instructions to use the funds for your children. We can help you understand your options.

Many carriers offer coverage for single parents with pre-existing conditions. As an independent broker, we work with 48+ carriers and know which ones are most favorable for specific health conditions. Some conditions that one carrier declines, another will approve at standard rates.

Term life is usually the best choice for single parents because it provides the maximum coverage at the lowest cost. A 20-25 year term covers your children through their dependent years. If budget allows, adding a small whole life policy creates a permanent safety net.