Important Insurance Coverage for Families
As the founder of A Better Financial Plan and author of a personal finance book by the same name, Dean Vagnozzi has shared his expertise with thousands of clients interested in securing their financial future. Acquiring comprehensive insurance coverage is a pillar of Dean Vagnozzi’s method for long-term financial success.
Parents of dependent children have very specific coverage needs that must be considered when purchasing insurance. For example, parents of very young children may purchase insurance policies that can support the child’s needs for a decade or so. On the other hand, parents of children with severe disabilities or special needs may want insurance plans that offer lifetime distributions.
Many life insurance policies can also cover immediate costs such as funeral expenses, college tuition, and medical costs. Families that own their home may opt for a mortgage protection plan, which guarantees that the mortgage will be paid off in case the primary breadwinner becomes disabled or passes away.
Parents of dependent children have very specific coverage needs that must be considered when purchasing insurance. For example, parents of very young children may purchase insurance policies that can support the child’s needs for a decade or so. On the other hand, parents of children with severe disabilities or special needs may want insurance plans that offer lifetime distributions.
Many life insurance policies can also cover immediate costs such as funeral expenses, college tuition, and medical costs. Families that own their home may opt for a mortgage protection plan, which guarantees that the mortgage will be paid off in case the primary breadwinner becomes disabled or passes away.
