In today’s world, families are usually supported by dual incomes. It is also common that both incomes are necessary to support the lifestyle of the family. Even with the best planning, if one of those spouses dies, the other has a lot of drastic decisions to make.
Generally the home they live in was chosen because it was in the right school district. The value of a good education for their kids was primary with the couple. If one of the spouses dies the family could be forced to sell their home and move to a less desirable neighborhood, a neighborhood outside the preferred school district.
The home is the place where the kids feel safe. It is the only home they have ever known. Moving would disrupt the security the kids feel in ‘their’ home.
Our Income Term product can solve the problem for a premium that this family can affort.