What type of insurance can a single mom purchase to protect her child in the event of her death?

A single mom looking to protect her child in the event of her death can purchase any form of life insurance and name her child as a beneficiary. This is because life insurance is designed to provide financial protection to beneficiaries upon the death of the insured. By designating her child as a beneficiary, she ensures that the death benefit will directly support her child’s financial needs in her absence, which can cover expenses such as education, living costs, and any other necessities.

Term insurance and whole life insurance are two types of life insurance products that can be selected, each offering distinct features and benefits. Term insurance provides coverage for a specific period, while whole life insurance provides coverage for the insured's entire life and typically includes a cash value component. However, the key point is that any of these life insurance options can serve to protect her child, depending on her specific financial goals and considerations.

Disability insurance, on the other hand, does not provide a death benefit; instead, it replaces lost income if the insured becomes disabled and cannot work. This coverage is important but does not directly address death benefits for dependents. Thus, the understanding that any form of life insurance can fulfill the need to provide for her child financially in case of her untimely death