Very few first-time parents are taking out or reviewing their life insurance policies. And that could be a terrible mistake.
First-time parents are taking a big gamble, many not taking out life insurance or reviewing their existing protection in preparation for the birth.
What’s perhaps most alarming is that it’s not simply a matter of cost. In fact, pre-baby spending is up with many admitting they had bought things they don’t need or use.
So why is ignoring life insurance such a potentially costly mistake?