Part of the Sandwich Generation? Life Insurance Can Help

Life Insurance

There are many reasons life insurance is important to someone in the “sandwich generation”. So what is the “sandwich generation”? This term refers to those of us who have our own children to care for, and are also providing care for our parents. With today’s economy, many households now consist of three generations of family members living under one roof. How would these three generations continue to stay together in the “family” home should you no longer be there.

We need to ensure that in the event of our passing, there is a plan in place that would provide for our family members. This plan can consist of making sure the mortgage could be paid off and that there is enough money left so that your spouse can continue to support not only themselves, your children, but also your parents.

First, we need to ensure there is enough life insurance in place so that any existing mortgage could be paid off. By doing this, the entire family unit can rest comfortably knowing that they will have a home to continue to live in. Wouldn’t you feel better knowing that if you were to pass away, your family won’t be displaced?

Second, should you pass away, can your spouse survive on their own income (if there is one) or would they be up the proverbial creek without a paddle? Ideally, by protecting your annual salary by 10 times its amount with life insurance, your spouse and family can continue to live in the comfort they are accustomed. And now, your spouse has the financial security necessary to continue to care for the parent(s) living in the home.

These are just two reasons that someone in the “sandwich generation” should consider having life insurance. Aren’t your parents worth your providing for their care in their golden years? Just remember, these are the parents who made sure that you were cared for as a child. They did what they could for you when you were financially unable to and now that you are an adult, can’t you provide a little security for them?

About the author: Jim Marcinkewicz has been in the life insurance business for over 6 years. He is a big supporter of the American Red Cross and teaches both CPR and First-Aid classes. With two daughters in college, Jim knows the expense it takes to care for your family and enjoys helping others prepare their futures as well. You can reach Jim at 1-800-651-1953 or