Life Insurance for Moms

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Everyone should love their moms. They brought us into the world and raised us, for the most part, for the first 18 years of our lives. Our moms taught us good from bad, supported us with encouragement and provided us with nourishing meals and loving kindness.

Since 1908, the second Sunday in May has been set aside as Mother’s Day in his country. That’s the official day where we give thanks to all that our mothers have done for us over the years.

In recent years, people have been questioning the monetary value of that care and hard work our mother’s provide. The answer is shocking and eye-opening to most people.

The numbers vary widely. A recent Pew study stated that 19 percent of mothers do no work outside the home .That’s an increase of 6 percent increase since 1999. The salary equivalent for those stay-at-home moms, according to Salary.com’s most recent survey of 15,000 moms, was pegged at $118, 905.

This figure is an estimate of what stay-at-home mothers would make if they were paid an annual salary based on the various chores they do and the hours they work.
It’s a common principle of sound family planning that the primary breadwinner of the household should have life insurance. That’s true, based on the outdated idea that the primary breadwinner is male and the supportive wife has no need to carry life insurance. The fact is that even though as a mother who contributes zero income to the family, your loss would cause a tremendous hardship to your husband and children both emotionally and financially.

According to Genworth Financial, 43% of married mothers have no life insurance. For unmarried mothers, 59% have no life insurance.

Why Stay-at-Home Mothers Should Have Life Insurance

The answer is obvious when you look at the salary-equivalent numbers stated above. Without a lump-sum, tax-free life insurance pay off in the event of the mother’s death, dad could find himself mired in a financial struggle trying to replace all of her contributions in running the family.

Looking at the family structure from a strictly financial position, it’s obvious that a mother’s role is as important as dad the breadwinner. Life insurance for the mother, working or not, should be at the core of any family plan.

The Working Mom’s Need for Life Insurance

The death of a working mother means the loss of her income contribution to the family. In many cases in our society, it takes two incomes to support the lifestyle the family has risen to.

A job lost by the mother can be replaces. Her life can’t. The death of a working mother means income replacement for the husband. A life insurance policy valued at some factor of yearly income allows the surviving husband to carry on without financial disruption.

The Single Mom’s Need for Life Insurance

Single mothers should deffinitely have life insurance. Married couples can plan their insurance needs knowing that one spouse will remain to care for the children. Single mothers don’t have this luxury and have to plan accordingly. As they are their children’s only mean of survival, single mothers need to have a policy that funds the children’s upbringing by providing money for the person or persons who will raise them and hopefully contribute toward their education after high school.

Types of Insurance for Mothers

Term life insurance is ideal for all mothers. It’s less expensive than whole life which translates to a higher face value during the years the policy is most important. The critical years of life insurance coverage are from birth to age 18 for the children. Once they’ve reached the age of maturity, the death of the mother no longer has a financial impact on the family.

Term rates are cheap. For instance, if you are healthy woman 30 year of age, the average cost of a 20-year term policy with a face value of $250,000 is as little as $13 per month. In other words, for only $156 per year for 20 years, your children’s financial well-being will be protected by a $250,000 tax-free umbrella through adulthood.

It should be apparent by now that life insurance coverage for mothers of children under 18 is critical in sound family planning. No one likes to think of ever losing the mother, but life doesn’t always play fair. With an insurance payout to help keep the family on a steady course, a mother’s love continuous on after death.

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Is Your Spouse Still Your Best Friend?

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It’s easy for spouses to say that they love each other, but how many of them still like each other?

Love is something that seems intuitive and thoughtless after we’ve said it so many times on reflex, and it’s not hard to see why that’s the case. Most of the mystique and wonder surrounding love comes from how inexplicable and hard to rationalize it is, but what happens when that mysterious attraction you have to your spouse is really a mystery of whether or not the attraction still exists?

We can easily give specific examples of why we like our friends, but if it’s hard for us to do the same for our spouses, something is amiss. True love for a spouse is powerful and non-negotiable, but when it it’s no longer accompanied by a genuine sense of liking that spouse, love can be more a trap than a thing of beauty.

The Big Questions to Ask

So, how can you tell if you actually like your spouse? Here are some of the hard-hitting questions you might ask to figure out just how much of a friend your spouse really is to you:

  • Can you name specific reasons why you like your ex as a person, besides just being in love with them?
  • Are there at least five things that the two of you like to do with each other outside of the bedroom?
  • Knowing what you’ve learned about your spouse up until now, can you confidently say that you could still be friends with them even if you weren’t married to them?
  • Are you more or less comfortable telling your spouse about daily issues than you are telling your friends about them?
  • Do you and your spouse disagree on more topics than the ones you agree on?

These are some the questions that can be very easy to not even think about for years in a relationship that you’ve grown familiar with; however, familiarity has a way of mutating into apathy. The more familiar we are with something, the easier it is to stop examining it closely. Most people don’t see all of their best friends every day, let alone live with them, and this facilitates a much different perspective on people than the perspective we have of someone who is always around.

Replacing Familiarity With Discovery

Novelty and a lack of instant accessibility create a lasting sense of value, but familiarity can slip into neglect and contempt. Of course this isn’t to say that the immediate course of action should be to only see your spouse once a month, but it does make the need for a renewal of perspective now and then more apparent.

Here are some of the steps you can take to examine just how strong your friendship is with your spouse, and also what you could potentially do to rekindle a stronger friendship with our spouses if we find there’s more room for improvement.

1. Think about what it was that made you first realize that you liked your ex before you fell in love with them
2. Once you’ve worked out the things that made the two of you first start liking each other, consider how prevalent those things are in your relationship today
3. Make an effort to do something with them that can show you whether or not those feelings still rise to the surface

Whenever we’re wondering about whether or not we’re still friends with a spouse, it’s generally a sign that we haven’t done enough to spend quality time with them. There’s a distinct difference between spending quality time and just spending time. Quality time offers an opportunity to cooperatively accomplish or experience something with a person while learning more about them in the process, while simply spending time with a person is exactly what it sounds like.

Think of it this way: You can spend time with an axe murderer in a cell, but unless they were your best friend before the two of you got in there, then chances are you won’t become their best friend just by sharing oxygen with them.

If there’s really nothing that you can think of to do with your spouse that you could both mutually enjoy and rekindle a friendship through, then that lack of ideas might just provide some insight into how much a friend they really are to you in the first place.

Why Opposites Attract

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Many people say that opposites attract, while others believe that people are attracted to those most like themselves. Although we may be attracted to a person for qualities dissimilar to our own, those qualities often drive a wedge later on down the road and cause one person, or both, to wish that their spouse was more like them. That being said, those same qualities that drive couples apart are often the driving force behind a long marriage or relationship.

Why Aren’t We More Alike?

Many wonder how couples can last so long in a marriage where they obviously are annoyed by the personality traits of the other. The downward spiral that entraps so many couples often ends their marriage altogether. However, many couples reverse the trend and reignite the spark that led them to get married in the first place.

To put this into context, let’s say a wife goes to a marriage counselor complaining that she feels uncomfortable that her spouse is too social and outgoing, or he’s too introverted or shy. She wonders why he can’t be more like her. A counselor may ask her why she married him partner to begin with. More often than not, the wife will say that she was attracted to her husband because he brings out her talkative side or intellectual side.

They ended up marrying because they bring out the qualities in each other that they couldn’t do on their own. They balance one another out, and in turn, they both feel whole. When both people in a relationship realize this, that’s when they remember why they got married to begin with.

The Upward Spiral

Relationships take work. When you stop and think about all the times your spouse has come to your rescue, you start to realize all the value that they bring to your life. In the beginning, many relationships are easy and don’t take much work at all. Over time, the begin to take more work and understanding to make them function.

When a husband or wife starts to realize the drawbacks of their personality, they can really start to appreciate what their spouse brings to the table. Instead of viewing the personality of the other as a hindrance, they view their partner as an asset. Also, part of making a relationship stand the test of time is knowing what actions to take, and what actions are going to yield the best results for both people.

Differences Are Attractive

People are looking for ways to balance themselves out and make themselves whole. No one is born with a complete personality, and no one has all the skills they need. That’s why we look for others with traits different than ours. Of course, many people don’t want to be dependent on each other, but having a partner that fills in your shortcomings and compliments your strengths is perfect.

Another word for this is “completion”. This refers to a couple that grows together as a couple, and as an individual, because of their unique partnership to each other. They both become more “complete” people during the length of their relationship.

 Finding Your Opposite

If you’re single, don’t go looking for people that are obviously your opposite. At the same time, you don’t want to be looking for someone that is too similar to yourself either. A person that’s too similar to you will cause monotony down the road. Find a partner that shares a few of your traits and the same values as yourself, but is genuinely different personality wise. The difference in personality causes a healthy level of tension, and it keeps the relationship progressing during the initial stages of courtship. It’s also the power supply for long-term stability.

Staying Together

When couples understand why they balance each other out, or “complete” one another, the relationship is rekindled. Couples that realize this after many years of despising each other feel rejuvenated, appreciated, and have a feeling of satisfaction that they married the right person.

It doesn’t take a special kind of person or relationship to build up what you lost. However, you do have to have an understanding of who you are, and why your relationship is failing. This takes work, testing, and time on both ends, but it’s well worth it in the end.