Single Parent

A single parent is the caregiver, breadwinner, cook, chauffeur and so much more. Yet nearly four in 10 single parents have no life insurance, and many with coverage say they need more than they have. With so much responsibility resting on their shoulders, they need to make doubly sure that they have enough life insurance to safeguard their children’s financial future.

Life Insurance agents can reach this market with the appropriate messaging and products.

Stay-At-Home Parent

Just a parent don’t earn a salary doesn’t mean they don’t make a financial contribution to the family. Childcare, transportation, cleaning cooking, and other household activities are all important tasks, the replacement value of which is often severely underestimated. Life insurance allows a family to afford to preserve their quality of life.

Parents of Grown Children

Just because a parent’s kids are through college and the mortgage is paid off doesn’t necessarily mean that they no longer need life insurance. If the top wage earner in the household died today, the spouse will still be faced with daily living expenses. Would their financial plan, without life insurance, enable that spouse to maintain their lifestyle now and into retirement?

Life Insurance agents who market to this group typically overlay an income qualifier on the list. This way, when they prospect, they are reaching people who can afford a policy.

 

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