Bill and melinda have two young children ages 2 and 4 and they are not covered under any life insurance policy. Melinda is full time mom and has no incom. Bill makes $50,000 a year. They are on a budget but with only one income, they do not have any extra money at the end of the month. Life insurance does not seem like a pressing issue at this time. What would you suggest Bill and Melinda do when it comes to life insurance coverage?

Question

Yahir

Computers & Technology

12 October, 10:32

Bill and melinda have two young children ages 2 and 4 and they are not covered under any life insurance policy. Melinda is full time mom and has no incom. Bill makes $50,000 a year. They are on a budget but with only one income, they do not have any extra money at the end of the month. Life insurance does not seem like a pressing issue at this time. What would you suggest Bill and Melinda do when it comes to life insurance coverage?

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Cheyanne · Answer 1

Melinda and Bill should brainstorm to think of ways on how to have another additional income. In the case of Melinda, she could start a small business or any ways in which she could earn at home. Also, they could track down their expenses and find ways to cut down expenses to have some spare money to start paying for a life insurance policy.