Do Moms Need Term Life Insurance?

Many moms nowadays have never acquired life insurance because they consider it to be too expensive. That is certainly true of permanent insurance. Nowadays you can get term life insurance which is a great option for people who are having a hard time during the recession or who are unemployed or who are underemployed.

I am here to tell you that life insurance does not necessarily have to be 'for life.' It can addressing short term needs. For instance you might want to buy selective insurance that only lasts until your children graduate from college so that they are not stranded for tuition money in the middle of their education.
Term life insurance has been around for at least fifty but few people know about it. The fact is that you do not have to pay the expensive rates that are often associated with life insurance nor do you have to settle for an over-priced policy that is less than thorough and might not cover living expenses for your loved ones, funeral costs and other matters.

Greedy insurance companies will always prefer that you buy an entire life insurance package because you end up paying them for longer. The real advantage to this type of life insurance is that it first of all allows you to choose the coverage amount that you can afford and then second of all allows you to choose the length of the policy.

A permanent life insurance policy often costs thousands of dollars annually. By contrast, term life insurance policies cost consumers a lot less. Term lengths can vary from being ten, twenty or thirty years and you can choose coverage amounts that range from being anywhere from $100,000 to several million dollars. Keep in mind that whatever you spend that the longer the term is and the more that it covers the more that it will cost you per month. Depending on what you buy it may even be under $120 every year. This is a boon to the mom, especially the single mom, who likely has all kinds of other stuff to pay for.

Like the longer term policies, these types of life insurance policies are mainly available to individuals in good health who do not have a history of disease (like cancer or AIDS) or indulging in bad habits like smoking or alcohol abuse. The insurance company that offers incredibly low monthly payments to 'high risk' individuals just does not seem to exist.

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Should You Open a Home Day Care Center?

Many moms who need extra money often think about opening their own daycare center. However this is not as easy as it seems even if you are thinking of opening up a very simple operation in your home.

The first thing you need to do is write a business plan. This does double duty as a guide as to how you will conduct the business as well as a document you can also show investors.

You also need to include your rent or mortgage costs plus the cost of making this business legal. There can be many permits and regulations that come with costs, fees and dues that must be paid for before you can even open the doors of a day care center. This is why more stay-at-home moms do not do it more often.

The bottom line is though it seems like anyone can do it, childcare is actually serious business. The licensing requirement of opening a daycare center really do vary state to state and you need to go to individual state websites to see what they are. Usually it is a Department of Health or a Department of Health Services that outlines what you need to do to open a home-grown child care neighbor.

One real selling point of any daycare is the nutritional quality of the meals that you offer. The more organic or progressive the food is that you offer the more you will be able to charge parents. As a rule of thumb children's meals usually adds between $8 and $25 per week to the bill of any kids you are taking care of.

Another reason that more moms do not open day care centers in their homes is that most states and cities have real restrictions about where one can be located.

When you do decide to launch a home-based business like a day care you need realize that it is a little more expensive and a little more high maintenance then most businesses just simply because there is such a liability involved whenever you are dealing with children.

Keep in mind that it is a business where laws govern everything and that your doors can be closed within minutes due to one silly little violation. You have to watch out for things like a member of your staff disciplining a child in just the wrong way and you have to be very mindful of how you discipline your charges. The fines for violating any part of the fire safety code and that the insurance required to run it can also be quite expensive.

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