Protection for Stay-at-Home Parents
Couples may not immediately see the need for life insurance regarding a stay-at-home parent. However, review with them the price of replacing all the services that person provides, and they might decide it’s in their best interest after all.
Show your clients how much it would cost to fulfill the obligations of a stay-at-home parent and then illustrate for them how little term life insurance can cost in comparison. They may find a small premium each month is worth the security of knowing the children will have financial resources to thrive.
If a stay-at-home parent were paid for all the jobs they perform each day (tutoring, cooking, housekeeping, chauffeur service, coach, mentor, security officer, etc.) it is estimated they’d work 92 hours per week and earn over $178K annually! What if they were no longer alive and someone else had to fulfill those services? This is your opportunity to show them how little it would cost to provide financial protection for their families if something should happen to them.
Producers XL has access to the best life insurance carriers in the market along with two quoting platforms, iPipeline and Vive. The latter being the most streamlined in which you can quote, compare, and submit an order in 15-20 minutes! And the best thing is everything is on autopilot after submission! Everything is handled for you allowing you to spend your time obtaining clients and solving problems; not babysitting submitted business.
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