Becoming a parent is perhaps one of the most life-changing things that any of us could ever experience. After the birth of a first child, you probably know that your future looks a lot different, and it might be time to take a step back and re-evaluate your financial goals. After all, you want to be able to support your child financially, no matter what. To be sure you are prepared for anything, it is a good idea to consider that now might be the right time to get life insurance. After all, you never know what might happen before your child comes of age, and they might need to rely on your life insurance benefits for their ongoing support. Let’s take a closer look at why, as a new parent, life insurance should be near the top of your list of priorities.   Why First-Time Parents Need Life Insurance Buying life insurance for yourself means creating financial security for your loved ones in the event of tragedy. After all, if you die before the mortgage is paid, or before the kids go to college, then your family might face hardships. However, the death benefit provided by your life insurance will help enable you to leave a settlement to your loved ones and ease their burdens. This is particularly helpful when it comes to the costs of raising a child. No one wants to die while their child is still their dependent. However, the sad reality is that no one knows when they will die. The good thing about quality life insurance is that it will help ensure that a child will always be taken care of even if you aren’t there yourself. While your child is a minor, the money provided by life insurance can help with any number of their needs. It can support their college tuition, cover their medical bills if they have a health condition, or simply help their other parent or guardian cover the everyday costs of raising a child. Plus, if you want the money within your life insurance to go to a specific purpose, then you can direct that money into a trust. The trust will contain rules on how the money is to be used, and therefore you can rest assured that it will go to a child’s needs. Should I Consider Life Insurance for My Child? Many insurers offer child life insurance policies. Child life insurance policies are designed not only to cover the risk of a tragedy, but also to build a financial future for the child. Many insurers offer whole-life policies for young children, which the child can continue to carry even after they have grown up and moved away. These policies will also offer cash value incentives, which your child can use as an investment throughout their life. So, don’t hesitate to consider the benefits of a childhood life insurance policy, and use it in conjunction with the rest of your family’s life insurance benefits to create a

Why You Should Get Life Insurance Before a Child’s Birth

Becoming a parent is perhaps one of the most life-changing things that any of us could ever experience. After the birth of a first child, you probably know that your future looks a lot different, and it might be time to take a step back and re-evaluate your financial goals. After all, you want to … Read more

January 12, 2021

Protecting Yourself from Uninsured Motorists

In 49 out of 50 states, all registered drivers are required to carry minimum amounts of car insurance. If you are in one of them, then you could face penalties if you get caught driving uninsured. Just because you obey the law, doesn’t mean others will. And, if you get into an accident with an … Read more

January 7, 2021

LARGEST LOCALLY OWNED EL PASO INSURANCE AGENCY MAKES NINTH ACQUISITION

                                                        LARGEST LOCALLY OWNED EL PASO INSURANCE AGENCY MAKES NINTH ACQUISITION Mt. Franklin Insurance Acquires Property and Casualty Business of Balmer Insurance   EL PASO, Texas, January 5, 2021 – Bill … Read more

January 7, 2021

Staying Healthy During Winter Vacation

Let’s face it, 2020 was not a year when most of us were able to travel extensively. 2021 will likely be much of the same, at least for the time being. However, there are still plenty of ways to travel safely as long as you commit to being conscientious.     Still, if you plan … Read more

January 5, 2021

Tips for Buying General Liability Insurance

When insuring your business, you will likely need general liability coverage. However, getting this coverage will require attention to detail and an understanding of what this coverage offers you. What are some of the things that you should consider when buying general liability insurance? How do you know which plan is right for you? Here … Read more

December 30, 2020

Easy Ways to Reduce Your Auto Insurance Premium

Whether you live in a big city or a small town, every stretch of roadway could be dangerous. The driving risks around you are the reasons you need car insurance. However, these risks can also influence how much you pay for your plan. Sometimes, they might make your plan might more expensive. Still, auto insurance … Read more

December 24, 2020

Factors That Might Increase Your Home Insurance Cost

 No one wants to see any of their insurance rates go up, especially their home insurance. After all, you need this coverage to protect your property. So, you should be able to afford it. Home insurance premium increases can happen for countless reasons. Sometimes, they occur through no fault of your own. In others, however, … Read more

December 22, 2020

What Is Guaranteed Acceptance Life Insurance?

You might be thinking about getting life insurance on yourself. After all, it is a benefit that will offer your loved one’s financial assistance if you pass away. However, you might worry that a pre-existing illness or other extenuating circumstance might disqualify you from getting coverage. Still, there might be many life insurance policies available … Read more

December 17, 2020

Frequently Asked Questions About General Liability Insurance

If you are a business owner, then you probably know that you have to protect your company, employees, clients and others against any risks you might pose them. These liabilities could cost you a lot of money in worst-case scenarios. You therefore must be ready for any eventuality. To do so, you will need general … Read more

December 15, 2020

Will My Health Insurance Work in Another State?

Health care isn’t just something you get from your local physician. You should be able to get care from an appropriate physician when you need it. Sometimes, this might mean leaving town, and even crossing state lines. The question that many people ask, however, is whether their plan will cover them when they travel outside … Read more

December 10, 2020

Find Your Nearest Office

El Paso, TX

915-599-2900

San Antonio, TX

830-360-8660

info@mtfranklin.com

Find a Location

Dedicated to Your Protection

Our founding mission is to deliver clients clarity of services unmatched by any other agency in El Paso, Las Cruces or San Antonio. It forms the cornerstone of how we view our partnership with you and serves as the basis of every action we take on your behalf. This mission is built upon the pillars of unmatched experience, local service and values, unparalleled access to carriers, and planning for you all year long.

© 2025 Mt. Franklin Insurance | All rights reserved | Privacy PolicyTerms & Conditions

Get in touch with our friendly agents today!

Get a Quote! Call Us