Protecting Your Loved Ones After Your Death

David Sayles Insurance

You work hard to provide for your family. What do you do, however, when you are no longer in a position to support them? A blackout period life insurance policy can help cover the gap between your demise and other benefits kicking in.

Defining the Blackout Period

Your surviving spouse may be eligible for Social Security benefits after you die. In order to be eligible, however, one of two conditions must exist

  • Must have a dependent under the age of 16
  • Must be over the age of 60

The time period between the time your youngest child turns 16 and your surviving spouse turns 60 is called the blackout period. He or she cannot collect your Social Security benefits during this time.

Life Insurance

The experts at David Sayles Insurance recommend purchasing a life insurance policy that covers the loss of your income in the event of your untimely death. Household expenses, particularly if there are children involved, can be daunting when only supported by one salary. This policy can ensure that your spouse is able to continue supporting your family’s lifestyle, including house payments and college tuition for your children.

While you hope never to need a life insurance policy, it’s important to plan for the possibility. Planning ahead can keep your family financially afloat.