Nowadays a lot of people are into online jobs and home-based jobs. I, for one, worked in a corporate world for almost 2 years but decided to work at home as suggested by my sister-in-law. As a working full-time mother of two, I need to get a higher salary. We needed to make ends meet. With bills to pay and debts to settle every payday is a struggle for us. But it hit me hard when my husband got sick and had to resign from work for almost a year which brought us to more bills and debts to pay. It was tiresome and I always tell myself I must not get sick and I don’t have a right to get sick.
My first experience with life insurance is when my co-parent invited me to buy a policy and to be an agent as well since she knows me so well that I am into all kinds of business.
Why WAHM should get a life and health insurance?
When I was young, I was always impulsive when it comes to money so I had to depend on my brother to keep my money and help me save. Now that we both have our families I realized how important it is to save money. My husband lives by the principle YOLO which is not practical when you have mouths to feed. We juggle with our jobs just to make ends meet and surprisingly we spend much more than we did 2 years ago. Now we realized that we need a direction and a plan to save not only for ourselves but for our kids’ future.
REASONS TO BUY A POLICY NOW!
We need this to prepare for what is uncertain–DEATH
As home-based moms, we are prone to silent diseases that can lead to sudden death. I have heard hundreds of stories who suddenly lost their loved ones while staying at home. Such events are very alarming as the age group is going down each year. The cost of a funeral and burial cost a lot, and I don’t want my children to suffer financially at my death.
- For our kids’ education
I am not from a well-off family but my father was very hardworking, Unfortunately, after his retirement, I lost my dad to cancer, and it brought our family to famine and my brothers and aunts were the ones who provided for our education. Being a home-based mother of two, It became my motivation to buy an educational plan for our kids.
- To replace my husband’s income
As a partner, we housewives should manage the house and even our finances. I have to admit women are more patient than men. And If ever my husband would pass away I would have to replace his income.
- To pay other expenses and debts
Variable insurance allows us to borrow the money we invested without canceling the policy.
Also, there is a term life insurance policy that will fit virtually every budget. It’s worth cutting an expense or two to make room for this all-important financial service.
- Not enough money
If your budget is tightly stretched, it can be legitimately difficult to find money to pay for a life insurance premium. However, that should make you realize even more that if your household finances are tight while everyone is alive and well, it will be infinitely worse if one of you dies.
About the Author
Mariea Zel is a mother of two beautiful kids from Baguio City. She is a stay-at-home mom, a nurse, a teacher, a singer, a financial adviser and more..