Life Insurance for the Family
Adding a new member to your family is a joyful occasion. But this happy event also brings with it the responsibility of providing for your child’s future.
From baby carriages to college, you want to ensure your children have the best in life, even if you’re not there anymore. If you were to pass away suddenly, how would your family cope with the expenses?
- It costs on average over $243,660 to raise and educate a child from birth to 18 years old.1 Add to that the cost of a college or university education and the need for insurance protection is pretty clear.
- Your partner’s income alone may not be enough in the event you pass away to give your children the opportunities you both dream they will have
- If you or your partner provide fulltime childcare, it is important to get life insurance so your partner can continue to provide care after you pass away
With the added expenses of a new child, you might be saying to yourselves, “We can’t afford life insurance right now.” But you owe it to your family to find out just how affordable coverage can be.
Good to know …
- When considering the life insurance protection you need, you can purchase a combination of policies to tailor the coverage to your specific needs
- For example, you could purchase a Term 20 policy to cover outstanding debts including a mortgage, or car loans; in addition, consider purchasing a Term to 100 policy to cover final expenses and burial costs
- Bundle with select TD Insurance products and you can get up to 10% off2
"This gives life a whole new meaning"