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Reviews.com: The Best Life Insurance Companies for Parents

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The Best Life Insurance Companies for Parents

There’s no doubt about it that parents have a lot on their plates when it comes to raising kids. From being up all night with infants to dealing with teenagers and all it entails, it can be hard to even set a side time to plan ahead for life’s ups and downs. That’s why a subject like life insurance doesn’t always get the attention it deserves.

Shockingly, according to LIMRA, among U.S. households with children under the age of 18, 11 million have no coverage. That might be the idea of purchasing a life insurance plan can be downright overwhelming and even emotional. It can be hard to get into the mindset of preparing for something horrible to happen. But at the end of the day it’s better to be ready and ensure that your family is taken care of in any event. This is important to consider for parents who work and those who stay at home as well.

The world of life insurance is somewhat complicated. There are different kinds — term and permanent. Term life insurance provides coverage during a set period of time where as permanent, or whole life insurance as it’s also known, lasts a lifetime. Your family’s financial situation determine’s the kind of insurance you would need as well as the amount of coverage. There are pros and cons to every plan and it’s important to fully understand them before making any decisions.

Recently, the team at Reviews.com shared their guide on life insurance. They spent six weeks researching and took an in-depth look at the industry and broke down everything you need to know. They shared their top three choices out of 67 companies, and also explained the necessary things to consider when purchasing a plan. The article walks you through how to find the best plan for you and your lifestyle and helps you get started. In the end, they named TIAA Life as the best option, with New York Life and Amica Life Insurance as runner-ups.

To find out more info on best life insurance companies, read the full review on Reviews.com.

June 14, 2016

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