In most cases, yes! In fact, being young and healthy is the best time to lock yourself into a fantastic, affordable plan. Life insurance companies want clients that are in their prime and keep their rates low to attract them. Expect rates to be significantly more affordable now than they will be as you age and health issues start popping up.

Once you’ve secured your monthly premium, it won’t change for the duration of your term. Locking in rates while you’re healthy also means avoiding the chances of waiting until it’s too late altogether. Any diagnosis of a chronic health condition can drastically raise quotes, and significant illnesses, like cancer or heart disease, can cause them to skyrocket to prices that are completely out-of-reach.

Even if you have the means to acquire a plan at a high cost with lower returns after a diagnosis, your family will likely only receive a fraction of what they would have had you secured a plan while healthy. Snagging life insurance now eliminates this risk so your family receives every penny they deserve.

They say being a stay-at-home mom is one of the toughest jobs on the planet. Guess what? They’re right in BOTH ways—it’s tough and it’s a legitimate job, even if you don’t bring home a typical paycheck.

In fact, if you were to add up all the jobs SAHMs do on a daily basis like being an on-call chef, chauffeur, housekeeper, therapist, tutor, janitor, personal shopper, and so much more, the annual salary would add up to a staggering $162,581 in 2018.

Even if you have a spouse or partner that makes a sizable income, losing you is seriously going to add up. Even if they can cover the day-to-day childcare needs, where is that money ultimately being taken from? College funds? Sports camps? Mortgage payments?

There’s no way to ever replace Super Mom, but during the most difficult time of their lives, imagine giving your family the gift of financial security.

If you can secure a monthly premium while you’re still healthy, for the majority of parents, acquiring life insurance is incredibly affordable. In fact, some plans for term life insurance are as as little as $7/month. The peace-of-mind alone is often more than worth the small price, but the actual monetary return can help make one of the worst moments in your family’s lives infinitely easier.

Though rates can vary depending on your age, gender, health, lifestyle, etc., for a 20-year term life insurance policy a healthy 30-year-old woman can expect to pay on average about $208 annually for a $500,000 policy. That breaks down to a measly $17/month.

Here are just some of the things life insurance can cover in the event of your death:

— College Funds

— General Education

— Childcare

— Mortgage or Rent Payments

— Transportation Costs

— Inheritance

— Funeral Expenses

— Lost Income

— Bills

— Car Payments

— Unpaid Loans

— Debt

It’s also completely tax-free, a perk you won’t get if you plan on passing money down through your estate. Wouldn’t you rather your children receive a size-able payment, and not the government?

Though it’s rare, there are some situations in which securing life insurance simply isn’t necessary, even as a parent. Here are the most common reasons why skipping coverage might be the right choice.

Your Family Has the Means

If you and your family have a substantial, stable amount of wealth—or your spouse makes a very generous income and has excellent life insurance, you frankly may not need to throw additional money into an unnecessary pot. If you are confident that the financial future of your spouse and kids is secure in the event of your death, the cash otherwise spent on a monthly premium could be better used elsewhere.

Before you decide with certainty that your family holds enough wealth to comfortably sustain your family, carefully discuss this decision with a financial planner. Even if you’re in the 1%, you may be surprised how quickly cash can run out in your absence. One extra bill might be worth the additional comfort.

Money’s Tight

Let’s be real. Unlike things like paying rent, catching up with bills, and eating, we simply don’t need life insurance to survive. Though it is possible to secure quality life insurance for $7/month, even that can add up.

Just because cash is tight, don’t assume affordable life insurance is out-of-reach. Many are surprised by the small sum and consider it worth the peace-of-mind. However, sometimes you have to take risks to save money, and foregoing life insurance might have to be one of them for now.

If you are confident that life insurance is currently unnecessary for your family, there is still planning to do. Not having life insurance makes completing a final will even more important than ever. No matter the reason you’re skipping life insurance, legally declaring exactly how you’d like your possessions and financial resources divided—not to mention custody of your kids—is beyond crucial.

Chances are though, securing life insurance is not only the right move for your family, but the financially wise one as well. From the second you found out you were expecting, to far past them leaving the nest, they’re your babies, and nothing is more important than protecting them.

Convinced that life insurance is the right decision for you and your family? Download the JennyLife app today to secure incredible, A- rated life insurance for as little as $7/month in minutes. No exams or doctor’s appointments necessary. After all, as a parent, aren’t you busy enough?