Value of insurance specifically for stay at home mums
The value of insurance specifically for stay at home mums is a concern that often goes unaddressed. Staying at home usually entails going about your daily life with almost little or no exposure to any life threatening risks. If a stay at home mum lives a healthy lifestyle and exercises regularly there is a slim chance that anything could happen to her, but there may be certain factors in her family history that would have an effect at a genetic level that even the healthiest of lifestyles could not prevent.
The point here though is not that you should be worried about this, the point is that you should be able to provision for this in the event that it does. A stay at home mum will usually take on the responsibility to look after the household, and ensure that the home runs smoothly. A debilitating illness like cancer, Parkinson’s or early Alzheimer’s would cause a lot of upheaval for everyone at home. The one person that keeps the house together would no longer be able to do that, and without the additional income to provision for treatments, an additional care giver, or simply to supplement dad’s income in case he has to stay at home more to help out around the house.
It is clear that the reasons for taking out Priceline Protects insurance for these events is necessary regardless of the circumstance, the only real things you need to consider is what benefits you are looking for and how much you are going to pay for them. The best part about this type of insurance is that you can tailor your cover to suit your pocket while ensuring that you get the best possible cover for the money you are paying.
Benefits can include cover for dreaded diseases like HIV and Cancer; you can get cover for life insurance, so that your family will be looked after in the event of your untimely death, disability in case you cannot work or move around, and you can even insure your income so that you can still get an income when you are unable to work to do so. Your benefits can be set at any given amount within the limits that the insurance company is willing to offer you. Income benefits will offer you up to 75% of your monthly salary for up to a year in some cases. Lump sum payouts for death those are large enough to take care of your children’s education and possibly a new car when they are older.
The benefits clearly outweigh the costs in these instances and it simply a matter of where and when you get the cover started.
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