Pages Navigation Menu

Things to do in Orange County for OC Moms

Categories Navigation Menu

Everything You Need to Know Before Starting a Family

There is going to be a period in life where you know when it’s time to settle down and start a family. But before that time comes, you need to plan for it ahead of time. Starting a family is the biggest investment you will ever make physically, emotionally and financially. That being said, knowing what to expect and having a proper plan in place can be a great help. Here is everything you need to know before starting a family.

addiction intervention

Mental Preparation

You need to be in the right headspace before even considering starting a family. If you’re struggling mentally, it’s going to affect your entire family. In fact, the added stress and responsibilities can cause things such as anxiety and depression or worsen them. The best way to prepare yourself for such a dramatic life change is de-stress as much as possible. Talk to your partner about any worries or problems you may be having.

Take Advantage of a Life Settlement

Financially providing for your family is always going to be your number one priority, but it should never feel like a stressful, draining task. Constantly working while having very little time to spend with your family is something you want to avoid. If you’re looking for a way to receive a large amount of money quickly, your best bet is to get a life settlement.

To receive a life settlement, you must first have an active life insurance policy. What a life settlement works is that you sell your policy to a third-party for a one-time payment. How much you receive depends on the overall value of the insurance, but you could receive around 30 percent. So, if you have a $90,000 policy, for instance, you’d receive $27,000. However, there’s one other aspect of life settlements you need to be aware of.

The party who buys your insurance will become the new beneficiary. This means that should you pass, the person who bought it will receive every cent of the death benefit. Acquiring a life settlement should not be taken lightly, so it’s important to really consider your options. Your life insurance is worth far more than you may think. Surrendering it is also an option, but you’ll receive a lower payout. What you choose to do is your decision, but remember that you’re not obligated to sell. However, if you do, try to sell to a licensed buyer for higher to receive more return on investment.

Evaluate Your Relationship with Your Partner

Speaking of your partner, they’re an important piece in this endeavor as well. It should be noted that not every couple is perfect, with a problem-less relationship. Both of you are bound to hit a roadblock at some point in your relationship. But there’s a difference between having a brief verbal scuffle and a full-blown, rage filled argument. It should go without saying that if you don’t have a good relationship with your partner, the last thing you should do is have a child with them. Having a child is a wonderful and unforgettable experience, but it won’t solve every problem you two have. Before even thinking of conceiving, you both must be on the same wavelength.

Sign Up for Our Newsletter
Connect With Us


Leave a Comment

Your email address will not be published. Required fields are marked *