Think about the financial role each person plays
A family can depend on a paycheck, but it can also depend on childcare, transportation, household management, caregiving, and other work that would cost money to replace.
Common family protection goals
- Replace part of a parent or spouse's income
- Help cover housing or mortgage costs
- Provide funds for childcare or caregiving
- Address debts and final expenses
- Create additional flexibility for children and surviving family
Life Insurance for Parents
Focus on the financial responsibilities connected to raising and supporting children.
Explore parent coverageLife Insurance for Children
Understand why some families consider coverage for a child and the questions to evaluate first.
Explore child coverageReview coverage when life changes
A policy that made sense years ago may no longer match your household. Marriage, divorce, children, home purchases, income changes, caregiving, and business ownership can all change the financial picture.
Common questions
Why do families buy life insurance?
Families often consider life insurance to help replace income, cover household expenses, support children, manage debts, or give survivors more financial flexibility after a death.
Should both parents consider coverage?
The financial impact of losing either parent can matter, including unpaid caregiving and household responsibilities. Needs vary by family.
When should a family review coverage?
Major life changes, marriage, a new child, a home purchase, income changes, new debt, or a change in caregiving responsibilities, can be useful times to review existing coverage.