Jenny Life: Five Reasons You Need Life Insurance

Reason Number One. Funerals are expensive.

When we die, our loved ones don’t need the thought of the expenses that go with our passing. Did you know today, the average North American traditional funeral costs between $7,000 and $10,000? (source) I know that if something were to happen to me tomorrow, my 18 and 20-year-old children would be financially burdened with those costs if I didn’t have it covered via life insurance.

Reason Number Two. Debt.

Now that I own a home, I have accumulated some debt. I have a few credit cards to keep my credit score up. Knowing that Americans die with an average debt of $62,000 (source) makes me even more conscious that having life insurance will help my children from worrying about any debt I leave behind.

Reason Number Three. The lost salary for SAHMs.

I was a stay-at-home mom for over 10 years. I didn’t know it then, but now according to salary.com, a stay-at-home mom’s medium average salary would be $143,102 if you calculated costs. (source) That is huge. If you are a mom that has the privilege to stay home with your kids, this is important to think about when it comes to having life insurance. You want your kids to be taken care of and having financial needs taken care of will be appreciated to those involved in the upbringing of your children. 

Reason Number Four. You can afford it.

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Yes, you can afford it. Actually, you really can’t afford to not to have life insurance. 80% of Americans think life insurance is more expensive than it actually is. (source) Check out rates with Jenny Life and see for yourself how a little bit of money can go a long way.

Reason Number Five. Babies are expensive.

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If something were to happen to us mommies, our babies will still need to be watched after as our partner works. It’s shocking but true to see that parents pay an average of $15,895 for full-time infant care. (source) That is a lot of money. And it’s another thing that has to be taken into consideration when you think about reasons having life insurance is so important. 

What are you waiting for? Go get the App!

The Jenny Life application allows you to get an instant quote and apply for life insurance from the mobile phone. It is available in 48 states (not Montana or New York, yet). You can download the app and get a free quote by searching “Jenny Life” in the AppStore, Google Play, or links are available via the website at www.jennylife.com. The company also built a nifty little tool at their website where you can drop in your mobile number, and they’ll text you back with the mobile app.