Raising a child means unconditional love…and big expenses. With the average cost of raising a child through age 17 at more than $233,0001, it’s important to have a financial plan to protect your family’s financial future should something happen to you or your spouse.
A life insurance policy can give a surviving parent or child much needed financial support, including paying off a mortgage or college tuition bill, covering child care costs (including long-term care for a child with disabilities), easing the estate tax burden and more.
Could your family live the same lifestyle without your income?
Do you own a home, or plan on purchasing one?
Do you or your spouse have outstanding debt?
Term Life Insurance
Juggling a busy life? Term is a straightforward, lower cost option that provides the financial protection you need for a set period of time (10, 15, or 20 years). You can customize the amount of coverage and the duration of your policy to protect your growing family.
Permanent Life Insurance
Looking for a long-term solution? Permanent life insurance gives you protection for as long as you live, plus a cash value component that can give you financial resources to help with big moments, like sending a child to college. There are many types of permanent life insurance products.
John Hancock Vitality life insurance gives you the financial protection you need while helping you live a longer, healthier life. You can save as much as 15% on your coverage and earn shopping and entertainment discounts for taking steps to live healthy, like exercising, getting regular check-ups and eating well. You can even earn an Apple Watch for $25 through regular exercise.
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