Why life insurance makes a perfect Father’s Day gift
Isn’t it obvious? But just in case, here are a few reasons why.
Since last Father’s Day, it feels like the entire world has changed. But one thing hasn’t changed: Dads still work hard, and deserve a little appreciation on their special day. Unfortunately, a lot of the tried-and-true options — tickets to a show, say, or an outing with friends — aren’t really doable in the Summer of COVID-19. As for old standbys like a necktie, well, we don’t know you, but we’re guessing you can be a little more creative than that.
In fact, here’s an idea that’s really out of the box: A term life insurance policy. (No seriously, it doesn’t come in a box.) Buying a term life insurance policy and naming the father of your child(ren) as the beneficiary is a gift that shows how much you care. Here’s how.
In this article:
It only takes a minute
Let’s talk about the dads of our lives. (Which, now that we’ve said it, sounds like an amazing soap opera.) Some dads want to be celebrated with their friends and family. Some dads want to spend Father’s Day solely in the company of their own thoughts. But for both types of dads (and all those in between), there’s a challenge. We can’t gather in large groups right now. And with most people in quarantine, it’s not an ideal time to hide out in the den. (Those kids who excel at crashing Zoom calls are equally good at crashing pop’s time for sitting and thinking.)
But one thing unites dads all over the world: They hate wasting time and encourage their loved ones to feel the same way. Well, good news: You can apply for term life insurance for yourself online. If you’re approved, your coverage can start instantly. Name the guy in your life as the beneficiary, and you’re done. Which leaves you with plenty of time to plan next year’s epic Father’s Day celebration and/or day of solitude.
Ok, there are some more things that unite dads all over the world, and one of those things is an appreciation for durability. Think of those dirty shoes he’s had since college, or the old tool set he refuses to part with. And the problem with most gifts is, they don’t last. Neckties go in and out of fashion. Experiential gifts, by definition, come to an end. Life insurance? Well, there’s a gift that will stick around for decades.
Plus, taking out a life insurance policy is personal in a way that a monogrammed spatula could never be. It’s an intimate promise between you and your partner and your child (or children). It helps ensure that they have a financial safety net should anything happen to you.
The fact of the matter is, what you pay for life insurance will only increase as you age. And as we all know, dads love a good bargain, and will appreciate that you got one on life insurance. (See? Another thing that unites all fathers.) Now is the time. If you delay, you’ll likely pay a higher rate for coverage, especially if something changes with your health. Besides, your life is no longer just about you, or you and your partner. It’s about your family—whether you are new to parenthood or an old pro—and there are certain things you can do now to take care of your family far into the future.
You can help provide for him and your children by getting a 10-, 20- or even 30-year term that will cover them during the years it’s needed most. You could get a $1 million term life insurance policy, or a little less, or a little more. (Who doesn’t appreciate flexibility?) By purchasing life insurance, you’ll be helping take care of their expenses (tax-free) if you were to die, including the cost of a funeral, your children’s college expenses, the mortgage and more. The proverbial gift that keeps on giving? Life insurance is it.
If you think life insurance is expensive, think again. A healthy 35-year-old woman can buy a 20-year, $500,000 term life insurance policy for about $20 per month; a healthy 35-year old man will pay a few bucks more than that.
What customers say about their life insurance rates
Jul 1, 2021
Easy sign-up for Term Life Policy
Signing up for a term policy was fast, easy and efficient, and the rate was reasonable. That's all I know so far; I hope to never have an opinion of Haven's claim handling.
–Georgeread more at
Jun 16, 2021
Very easy and quick
Very easy and quick. From start to finish including medical exam, it was all less than three weeks. Rates where fantastic and worked for our family.
–Charlesread more at
Dec 1, 2020
Haven Life was very easy to use
Haven Life was very easy to use. Application was simpler than other companies, and the medical exam was convenient, with someone coming to my house to do it. Rates were low and they are backed and owned by Mass Mutual, which is a highly rated company (if you're concerned about solvency). Highly recommend.
–JD Marlowread more at
Sep 2, 2020
I got quotes from 3 different…
I got quotes from 3 different companies. HavenLife did not deviate from the quote until it was issued. 1. Process was easy and quick 2. Received continuous support 3. Decision was fast 4. Filling up online was not offered by other 2 companies.
–Sriread more at
Aug 6, 2020
Website was easy to use
Website was easy to use. Great price for my insurance
–Yanyanread more at
The ongoing global pandemic has been, among other things, a reminder that life moves pretty fast, and things can change quickly. If you wait a few years, you’ll definitely be older (that’s how time works), and you might have developed health issues that will raise your premiums. Our recommendation? Take care of this now, while you’re young and healthy.
It goes the extra mile
Some life insurance policies come with something called a rider that provides you with additional benefits to your policy. At Haven Life, the Haven Life Plus rider includes a no-cost virtual gym membership (a year’s subscription to the fitness app Aaptiv) free trust and will services (via Trust & Will), and a good night’s sleep — that last one comes from free use of the jetlag-fighting Timeshifter app,
It’s all those things and so much more
Let’s be real: In a time when so much is uncertain, do you really want to spend money on a gift he might not like or use? Or do you want to do right by him and your family, with a gift that is pretty much the definition of generosity? That’s what we thought.
About Louis Wilson
Louis Wilson is a freelance writer whose work has appeared in a wide array of publications, both online and in print. He often writes about travel, sports, popular culture, men’s fashion and grooming, and more. He lives in Austin, Texas, where he has developed an unbridled passion for breakfast tacos, with his wife and two children.Read more by Louis Wilson
Our editorial policy
Haven Life is a customer-centric life insurance agency that’s backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). We believe navigating decisions about life insurance, your personal finances and overall wellness can be refreshingly simple.
Our editorial policy
Haven Life is a customer centric life insurance agency that’s backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual). We believe navigating decisions about life insurance, your personal finances and overall wellness can be refreshingly simple.
Our content is created for educational purposes only. Haven Life does not endorse the companies, products, services or strategies discussed here, but we hope they can make your life a little less hard if they are a fit for your situation.
Haven Life is not authorized to give tax, legal or investment advice. This material is not intended to provide, and should not be relied on for tax, legal, or investment advice. Individuals are encouraged to seed advice from their own tax or legal counsel.
Haven Term is a Term Life Insurance Policy (DTC and ICC17DTC in certain states, including NC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111-0001 and offered exclusively through Haven Life Insurance Agency, LLC. In NY, Haven Term is DTC-NY 1017. In CA, Haven Term is DTC-CA 042017. Haven Term Simplified is a Simplified Issue Term Life Insurance Policy (ICC19PCM-SI 0819 in certain states, including NC) issued by the C.M. Life Insurance Company, Enfield, CT 06082. Policy and rider form numbers and features may vary by state and may not be available in all states. Our Agency license number in California is OK71922 and in Arkansas 100139527.
MassMutual is rated by A.M. Best Company as A++ (Superior; Top category of 15). The rating is as of Aril 1, 2020 and is subject to change. MassMutual has received different ratings from other rating agencies.
Haven Life Plus (Plus) is the marketing name for the Plus rider, which is included as part of the Haven Term policy and offers access to additional services and benefits at no cost or at a discount. The rider is not available in every state and is subject to change at any time. Neither Haven Life nor MassMutual are responsible for the provision of the benefits and services made accessible under the Plus Rider, which are provided by third party vendors (partners). For more information about Haven Life Plus, please visit: https://havenlife.com/plus