For a single parent, there's no second income to fall back on, which is why coverage amounts run higher than the standard rule of thumb. A common target is 10-15 times your annual income plus remaining childcare and education costs, often $500,000-$1,000,000 for a working parent with young children still at home.
| Age | Female | Male |
|---|---|---|
| 30 | $28/mo | $33/mo |
| 35 | $33/mo | $39/mo |
| 40 | $45/mo | $53/mo |
Illustrative only, not a quote. For many single parents, a higher coverage amount at these ages costs less per month than expected, because term rates are still low in your 30s.
A common starting point is 10-15 times your annual income, adjusted up for remaining years of childcare, a mortgage balance, and future education costs. Guy walks through the real numbers with you rather than applying a flat formula.
You can name anyone as beneficiary, including a child's guardian, but it's often better to set up a trust or custodial arrangement so the funds are managed for the child's benefit specifically rather than becoming the guardian's unrestricted asset. This is a conversation worth having with an estate planning attorney; Guy can point you toward one.
Term life is the least expensive way to get a large amount of coverage. Guy compares carriers to find the lowest rate for the coverage you need, and can show you how smaller amounts at different term lengths affect the monthly cost.
Guy Jean compares real offers across carriers and explains what fits before you decide anything. No pressure, no obligation.
Guy Jean will reach out shortly with your options. Prefer to talk sooner? Book a free call.