Why life insurance is a meaningful way for dads to celebrate Father’s Day
Father’s Day is a time to celebrate and honor the dads and father figures who provide love, support, and guidance to their families. While traditional gifts like ties, gadgets, or a special meal are always appreciated, dads can also give back in a meaningful way by securing their family’s financial future with life insurance.
More than just financial coverage, life insurance is a lasting gift of protection and peace of mind. By considering life insurance this Father’s Day, dads can take a proactive step toward securing their loved ones’ future, ensuring stability no matter what life may bring.
Why life insurance is the ultimate gift for Father’s Day
Father’s Day is usually about giving gifts, but many of us don’t see the deeper meaning. The day is all about recognizing the lasting impact fathers have on their families. Dads provide love, guidance, and security, and life insurance is a powerful way to extend that protection for years to come. While traditional gifts may bring temporary enjoyment, life insurance offers something far more valuable: long-term security for loved ones.
Life insurance serves as a safety net, ensuring that a family’s financial well-being remains intact even if the unexpected happens. Whether covering mortgage payments, daily living expenses, outstanding debts, or future education costs, life insurance provides essential protection. Without it, families may face financial uncertainty, making an already difficult time even more challenging.
Beyond its practical benefits, life insurance is an enduring expression of love. It shows a father’s commitment to ensuring his spouse or partner and children will be cared for no matter what life brings. It also provides peace of mind, allowing dads to focus on spending quality time with their loved ones rather than worrying about the future.
This Father’s Day, instead of choosing a gift that fades with time, dads can make a lasting impact by investing in their family’s security. Life insurance isn’t just a policy — it’s a promise. A promise that loved ones will always have the support they need, even in the face of life’s uncertainties.
For new dads: Planning for the future
Becoming a father is a life-changing experience, bringing both joy and responsibility. However, did you know that raising a child in costs $310,000 on average?¹ As such, a new child brings the need for careful financial planning, and life insurance is one of the most effective ways to provide long-term security. Ensuring that a child’s future is protected, even in the event of an unexpected tragedy, is a crucial step in responsible fatherhood.
One of the best times to purchase life insurance is when a father is young and healthy. Premiums tend to be lower, and obtaining coverage early means locking in an affordable rate for the years ahead. A term life insurance policy can provide coverage during a child’s most vulnerable years, ensuring financial support for necessities such as housing, education, and daily expenses.
New dads should also consider adding riders to their policies for added protection. A Children’s Level Term rider, for instance, can provide coverage for children under a certain age, offering additional financial security in case of unforeseen circumstances. A Waiver of Premium rider ensures that if the policyholder becomes disabled, the policy remains active without requiring further payments. These options can help customize coverage to meet the unique needs of a growing family.
While it’s easy to get caught up in the excitement of fatherhood, planning for the future is one of the greatest gifts a dad can give his family. This Father’s Day, new dads can celebrate by making a proactive decision to protect what matters most: their loved ones’ financial well-being.
For experienced dads: Adapting to life’s changes
We never know where life will bring us. Thankfully, life insurance provides a safety net that shields us from whatever the world throws our way.
Reassessing coverage for life’s milestones
As life progresses, so do financial responsibilities. Major milestones like career advancements, homeownership, or retirement may call for adjustments to life insurance coverage. Regularly reviewing a policy ensures that it aligns with current needs and long-term goals.
Supporting growing children and future plans
Even as children grow older, financial obligations don’t necessarily disappear. Parents may want to ensure their children have support for college tuition, wedding expenses, or even a financial cushion for starting a business. A well-structured life insurance plan can help fund these future opportunities.
Legacy planning
Life insurance plays a significant role in legacy planning. It can help minimize estate taxes, ensuring that assets pass smoothly to loved ones without financial burdens.² Policies with cash value can also provide liquidity, helping to cover expenses or debts without disrupting the family’s financial stability.³
Adjusting policies to meet changing health needs
Health changes can impact insurance eligibility and premiums. Locking in a policy while in good health ensures affordability and long-term stability. Some riders also offer living benefits that allow access to funds in case of critical illness or disability.
Providing ongoing security for a spouse
As retirement approaches, ensuring a surviving spouse’s financial well-being is essential. Life insurance can help cover remaining debts, support future care needs, and provide financial stability, offering peace of mind for both partners.
The gift of security: A legacy of peace of mind
Father’s Day life insurance is a lasting way to show love and commitment. Unlike traditional gifts that fade with time, life insurance provides long-term security, ensuring that loved ones are always cared for, no matter what happens.
Ensuring family stability in uncertain times
Unexpected events can bring financial strain, but life insurance helps families navigate challenges without added financial stress. Whether covering everyday expenses, paying off debts, or securing future plans, this coverage provides a safety net that allows families to move forward with confidence.
Passing down a legacy
For many dads, leaving a financial legacy is important. Life insurance ensures that children and grandchildren have the resources they need to build a bright future. It can help fund college tuition, provide a down payment on a home, or serve as an inheritance to give future generations a strong foundation.
A gift that grows over time
Whole life insurance policies build cash value, allowing families to access funds for major life events, medical expenses and more. This flexibility makes insurance a resource that benefits both the present and the future.
This Father’s Day, consider life insurance as a meaningful way to celebrate and protect what matters most — your family. It’s a gift that gives peace of mind, ensuring your loved ones will always have the support they need, no matter what challenges may arise.
Get a quote
No matter your needs, SBLI makes life insurance simple. Get a quick quote for term life, explore Simple coverage by calling 800-424-1945, or speak with one of our knowledgeable agents about whole life. Find the right protection for you and your loved ones — on your terms.
Explore your life insurance options
Not all riders are available for all products. An Accelerated Death Benefit rider is automatically included and subject to an administrative expense charge upon acceleration. Other riders are available at an additional cost. Rider form series BC-40.1, 18-R-AXRDB, 18-R-AXDDB, BN-9, BN-50, BN-56, and 14-WOPR.
SBLI Simple Term Life Insurance policy form series 20-P-SIT.
SBLI Term Life Insurance policy form series B-56.
SBLI Whole Life Insurance policy form series: 21-P-PWL & 21-P-PSPWL.
1 Source: “The Cost of Raising a Child in America,” Investopedia.
2 This is designed for general informational purposes on the subjects covered and is not intended to be legal, tax, or investment advice. Information regarding the subjects covered may not constitute the most up-to-date available and no representations are made that the content is error-free. Further, pursuant to IRS Circular 230, it cannot be used to avoid tax penalties or to promote, market or recommend any tax plan or arrangement. You should consult your own legal, tax, or investment advisor regarding your personal situation.
3 Loans will reduce your net cash value and net death benefit and may be subject to interest charges. Unpaid loans are subject to ordinary income tax and, if taken prior to age 59 1/2, a 10% federal tax penalty.
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