William Penn Life, 2008 (43. évfolyam, 1-12. szám)
2008-06-01 / 6. szám
Moneywi$e with Mark Lantz Mothers need insurance, too! We have all heard stories like this.... A mother dies at an early age, leaving behind a husband and their two young children. The husband has to raise the children alone. But, the husband works 40 to 50 hours per week—sometimes more—and has no flexibility in his work schedule. In addition to the terrible emotional costs to the family, the loss of a wife and mother brings with it unforeseen financial hardship. The father's work schedule prevents him from providing all the services the mother routinely performed. The family must hire others to help care for the children and the family home. Unfortunately, the family bought life insurance only on the father. Where will the money come from to pay for the help they need? Pre-planning for such situations means everything. Life insurance for mothers—both "stay-at-home" mothers and mothers who work outside the home—is essential for a family's well being. How much additional money would your family need? Here are some services which your family may need, either on a regular or occasional basis: Expense Estimated Cost Per Month Replacement of lost income $ After-school child care $ Child care on school holidays/summer vacation$ Transportation to doctor/dentist appointments$ Transportation to/from after-school activities$ Cooking family meals$ Cleaning and other housework$ Grocery shopping$ Other services and expenses$ TOTAL$ Now, multiply that total times 12 months per year, then multiply that figure by the number of years the expenses may continue. This final figure will give you a rough idea of how much life insurance is needed. And, remember: as families grow, so, too, does their life insurance needs. Your William Penn Association sales representative can help you and your family plan for changes in your life, even the unforeseen changes. Call your local WPA representative today to learn more. Or, call Mark Lantz. sales director, at our Home Office toll-free at 1-800-848-7366. ext. 134. 4 William Penn Life, June 2008
