• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar

Because dads don’t always think like moms™

  • Dad
    • Celebrities
    • Gay Dads
    • Sex
    • Single Dads
  • Pregnancy
    • Labor or Delivery
    • Pregnant Wife
  • Baby
    • Baby Naming
    • Feeding
    • Sleep
    • Toilet Training
  • Kids
  • Teens
  • Activities
    • Local
    • By Age
    • Movie Reviews
    • Celebrations
  • Toys
    • We Recommend
    • Toys
  • Coaching for Dads
  • Great Dad Talks Podcast

Considering Insurance For Your Family? The Sooner the Cheaper

April 21, 2009 by Colin Thacker Leave a Comment

family insuranceWhile establishing the need for insurance is an obligation for any young family, many are not familiar with the options available. Young parents can cut insurance costs significantly by considering these needs at an early stage. Many may not realize that affordable health coverage is available in various forms outside of the conventional methods. While considering insurance needs and coverage may not be priority #1 for younger parents,  it comes with benefits. 

Health Insurance

In our roles as fathers we ensure our family’s well being as well as making sure our children grow up healthy. There will, however, come a time when our kids will get sick, when that time comes we do everything in our power to make sure they get better.A small injury such as a broken arm can end up costing thousands of dollars with various doctor visits and x-rays. If uninsured when the accident occurs, parents will have to pay the bill from their own pockets compared to a copay if insured. Rising costs of premiums and reduction in company insurance policies have left many American families lacking in coverage.

If uncovered by a group health plan, obtaining an individual health plan can be an affordable alternative. Another option is CHIP (Children’s Health Insurance Plan) which is an option offered through the government.

Life Insurance

Many young parents take on term life insurance, meaning for a period rather than an entire life. Rates for term life are affordable and provide substantial coverage. While these policies are bought with hopes of going unused, one must ask themself ”if the worst happens, would my family be alright financially?” As young families often rely on dual incomes in their budget this coverage choice is  popular.

While term life is the cheapest option, it is designed for a set length of time not an entire life. Policies intended for this coverage are whole and universal life insurance.  Obtaining these policies can still be affordable and getting one at a younger age is cheaper than getting one when older. With these policies, younger families will maintain coverage as seniors as well.

Due to the very low cost for a whole or universal policy when younger, many parents will purchase them for children to allow them for affordable premiums when they are older. Life insurance coverage  can be converted into an individual policy once the child is older, not requiring any evidence of insurability. If the child decides they do not need life insurance, the policy can also be cashed out.

This article was written by Colin Thacker a writer at  247QuoteUs.com , an insurance resource blog and quote comparison guide.

Filed Under: Dad

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube

Great Dad Talks

Great Dad Talks
Great Dad Talks

Great Dad Talks is a series of conversations with experts on all aspects of the family adventure. With the perspective that “dads don’t always think like moms,” our mission is to support dad voices and our slightly different approaches to parenting. We’ll try to find solutions to every day challenges like getting kids off the couch and making STEM classes available for both boys and girls. But we’ll also tackle bigger issues when they come. The one main theme will be to support dads in the most important role of their lives that of being a great dad.

Connect with us at greatdad.com and watch the video version of these podcasts at YouTube.com/greatdadnews

Building Authentic Connections with Ron Macklin
byPaul Banas

Get ready for an inspiring conversation on this episode of Great Dad Talks with Ron Macklin. Ron shares the power of building trust and connections with others and his personal journey of making mistakes, learning from them, and ultimately developing a set of principles that guide him in building meaningful relationships. From understanding the importance of authenticity to the transformative power of storytelling, this episode explores how to create a safe and open space for genuine connection.

Learn more about Ron’s principles and techniques for creating meaningful relationships by visiting his website, macklinconnection.com

Visit these links and embark on the path to becoming the best parent you can be:

  • GreatDad.com/coaching
  • GreatDad.com/pq
  • Gratitude course: bit.ly/3NMLDNC 50% off for podcast listeners with code PODCAST50
Building Authentic Connections with Ron Macklin
Building Authentic Connections with Ron Macklin
September 19, 2023
Paul Banas
Navigating College Admissions with Dr. Kuni Beasley
September 12, 2023
Paul Banas
Longevity and Healthy Aging with Al Lyman
September 7, 2023
Paul Banas
Balancing Entrepreneurship and Fatherhood with Cory Rankin
August 31, 2023
Paul Banas
The Role of Fathers in Parenting with Brent Dowlen
August 31, 2023
Paul Banas
Empowering Kids Through Sports with Antwaun Thompson
August 24, 2023
Paul Banas
Promoting Healthy Screen Time Habits with Hamel Shah
August 15, 2023
Paul Banas
Building Strong Connections through Family Meals with Jeff Christian
August 11, 2023
Paul Banas
Supporting Kids Through Sports with Michael Hubicki
August 1, 2023
Paul Banas
The Power of an Engaged Dad with Ken Gordon
August 1, 2023
Paul Banas
Search Results placeholder

More to See

How Podcasting Can Help Entrepreneurs with Evans Putnam

September 2, 2023 By Paul Banas

Making Financial Decisions with Jasper Smith

July 20, 2023 By Paul Banas

Copyright © 2023 . GreatDad