Protecting a Young Family with Affordable Coverage
For many young families, buying their first home is both exciting and overwhelming, especially when one income bears the majority of the financial burden. Michael couldn’t shake the question: “If something happened to me, could my family stay in the house and still build the future we’ve dreamed of?” The answer came in a surprisingly simple and affordable way — one that secured his family’s stability for decades, while keeping options open for the future.
Andrew Perez
September 17, 2025
Client profile
Age
35
Occupation
Middle-School Teacher
Marital Status
Married, two children (ages 4 and 7)
Household Income
$85,000
Challenge
Michael and his spouse just purchased their first home with a 30-year mortgage. Michael is the primary income earner, and they rely heavily on his salary to cover living expenses, mortgage payments, and saving for their children’s future education. His main concern was: “If something happened to me, could my family stay in the house and still have money for the kids’ college?”
Solution
- Policy Type: 30-year level term policy
- Face Amount: $750,000
- Premium: Less than $50/month
Why It Worked
The 30-year term policy aligns with the length of their mortgage, ensuring coverage through the critical years of raising children and paying off debt. The affordable monthly premium fit into their family budget, and the simplicity of the product made it easy to understand.
Outcome
Michael and his spouse feel secure knowing the mortgage would be paid off and their children’s college education could be funded if something happened. They opted for a conversion rider, allowing them to convert part of the coverage to a permanent policy later — potentially to fund retirement income or leave a legacy.