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  • Budgeting for a New Baby: Consider the Family Budget and Life Insurance

    Having a baby? Before your child’s birth, take a good look at your family budget and finances.
    by Monique Lecaros .
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    Read on about life insurance.


    Life Insurance
    Contemplating your own mortality is hardly something a parent-to-be equates with bringing a wonderful, new life into the world. Although you hope to not need it, making sure you and your
    spouse have proper life and health insurance coverage prior to having a baby helps protect your family.

    Life insurance premium tailor savings plans and accounts before a child is born, as well as provide financial guidance as their family matures. Sabo explains that considering a few significant savings and financial alternatives before your baby is born can punctuate the excitement of having a new baby and set your family on the path to financial security. “You’ll bring your child into a home with excellent and responsible financial examples for him to emulate,” Sabo adds.


    Read our Primer on Insurance for Parents.

    Sources:

    •    Rick Sabo, certified financial specialist from Gibsonia, Pennsylvania
    •    Beth and Bill Ryan, Illinois

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    Photo from sxc.hu

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