According to salary experts, stay at home moms would make an average salary of $150,000 a year for all of the services they provide...“If you were to die today, make sure your family has the finances necessary to pay for these services," says Udell.
Wheeling, IL (PRWEB) November 9, 2009 –
AccuQuote, a leader in providing term life insurance quotes to people across the United States, provides three reasons why stay at home moms need term life insurance, especially in today’s economic climate.
“Life insurance isn’t just for the breadwinner of the family,” says Byron Udell, founder and CEO of AccuQuote. “Stay at home moms are responsible for numerous daily tasks that would otherwise cost families thousands of dollars extra a month if they paid a professional to do these services. An inexpensive life insurance policy can help pay for these services if the stay at home mom is no longer around,” says Udell.
Udell suggests the following three reasons why stay at home moms need to consider purchasing a term life insurance policy:
1. Stay at home mom responsibilities are valuable – According to salary experts, stay at home moms would make an average salary of $150,000 a year for all of the services they provide for their families. Some of these services include childcare, housekeeping and laundry. “If you were to die today, make sure your family has the additional finances necessary to pay for these services without your support,” says Udell.
2. Term life insurance rates for woman are low – “Keep in mind that term life insurance rates are near historic lows. And term rates are considerably less expensive for women because of their better overall health and longer life expectancies. So with these low rates, there’s no better time to protect your family’s financial future,” says Udell.
3. Now more than ever – Udell suggests that buying term life insurance is more important than ever. “The reality is that families today don’t have the financial security that they once had. By purchasing term life insurance policies for both parents, your family will have a better chance of surviving financially if something devastating were to happen,” he says.
Experts suggest purchasing a term life insurance policy that is 10 to 15 times one’s average salary. A stay at home mom can average their annual salary by multiplying the average hourly wage of the task performed by how many hours a day they perform that task.
AccuQuote helps consumers find the best values in term life insurance by combining instant online life insurance quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a life insurance needs calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance, and a blog which answer many questions about life insurance. For additional information or to get quotes for cheap term life insurance, please call 1-888-314-4455.