Eric and Andrea are creating new milestones in their life! Eric is a Teacher/Coach at their local high school and Andrea is quickly moving up the ranks at a marketing firm. They are both about to turn 30, have been married for two years, just bought a new home, and are expecting baby #1! With the new baby on the way, along with the new home, it got them both thinking about what would happen to them financially, and their new child, if the unexpected were to happen.

Both Eric & Andrea plan to continue working after their baby is born. They are both in rising careers, but this is necessary to make sure the bills are paid, and they can save a little money for the future. This decision has put a spotlight on some glaring gaps in their financial life if something were to happen to either one of them. Here are a few of the main financial concerns they identified:

1. Their mortgage payment is about $1,700 per month, which includes homeowners insurance and property taxes.
2. The average cost of child care for them is about $1,200 per month
3. Since purchasing their home, their savings is not as high as it should be and if a medical issue came up, they would have a hard time covering expenses not covered by their insurance.

Given that their savings would only last a few weeks if something were to happen, they really concerned about providing at least for these basic items because they feel the income of the other spouse would be enough to sustain everything else. They are very concerned about how to do this, and how much it will cost

Eric and Andrea decide to buy enough death benefit to cover their mortgage and final expenses if either were to pass away. They also learned that they can add a disability income rider and a critical illness rider to their same term insurance policy. By adding these riders they now can provide cash if they are injured or sick and can’t work for a period of time.

They were, even more, pleased when they realized that they could utilize our instant decision process, get covered today, and do this all for less than $73 each, per month. Combined, this represents 1.15% of their income.

Eric and Andrea decide to buy enough death benefit to cover their mortgage and final expenses if either were to pass away. They also learned that they can add a disability income rider and a critical illness rider to their same term insurance policy. By adding these riders they now can provide cash if they are injured or sick and can’t work for a period of time.

They were, even more, pleased when they realized that they could utilize our instant decision process, get covered today, and do this all for less than $73 each, per month. Combined, this represents 1.15% of their income.