Kris Jenner is demanding that Kim Kardashian‘s boyfriend and baby daddy, Kanye West, take out a $10 million dollar life insurance policy, RadarOnline.com is exclusively reporting. “Kris has made it known to Kim and Kanye that she expects the singer to take out a hefty life insurance policy, naming their baby as the primary beneficiary and Kim as second,” a source close to the situation tells Radar. “Kanye is absolutely on board with getting the policy and had actually already looked into it before Kris brought it up. Kanye is in perfect health but he travels a lot and performs all over the world, sometimes in not so safe locales, and that concerns Kris. It’s basically just good sense, and pretty common procedure for new parents, though not usually for such a high amount! Kim will also be taking out her own life insurance policy naming the baby as the beneficiary.” Kris Jenner is right about Kim kardashian and Kanye West get a life insurance policy, as they will become new parents. Thinking about life insurance isn’t easy: It forces you to face your own mortality and the thought of leaving loved ones behind. But difficult as it is, it’s crucial to make time for a heart-to-heart with your spouse, especially once you become a parent.
By planning for the unthinkable, you can ensure that if you die or become disabled, your family will be able to pay for food, shelter, and healthcare; handle debts and major expenses (including college tuition); and generally maintain the lifestyle they’re accustomed to.
How much do I need?
One rule of thumb is five to ten times your annual income. Everyone’s situation is different, though, so how much insurance you need depends on various factors:
- How much your family spends annually on items like housing, food, and clothing
- How much your family would need to cover large one-time expenses, such as your children’s college education
- How much your spouse earns (in other words, how much of the family expenses your spouse’s earnings would cover)
- How much your investments and other assets are worth (how much of your family’s expenses they’d cover)
Need a quote? Mintco Financial Team can give you the best quote and service for your family needs. Call us at 813-964-7100 or visit our website at https://www.mintcofinancial.com/life-insurance-quote