This post made possible by Genworth Financial. As always, all opinions are my own.
Life insurance is a touchy topic that none of us enjoy discussing. Unfortunately, it’s a discussion that needs to be had sooner, rather than later. Nobody wants to discuss death, just the thought if losing Mike or the kids makes me teary and gets me all choked up. The thought of them loosing me isn’t much easier. I just read an article about why stay-at-home parents need life insurance and it really made me think about Mike and the kids, and I needed to talk to Mike about it to ease my mind.
It’s not easy for me to discuss death or life insurance with Mike. We got married in 2004, just a year after he lost his 3 year old daughter to congestive heart failure and complications with her lungs. He did not have life insurance on his daughter and was financially struggling to pay her medical bills along with her funeral costs. Shannyn did not have a headstone on her grave for about 5 years, and after we were able to pay off the bills. It was then that we realized how important it is to have life insurance on not only us, but the kids too.
Getting life insurance can be confusing. Understanding what life insurance is, how it works and how much coverage you all need is something that you and your spouse need to sit down and figure out… and Genworth can help.
When we first realized that not only did we need coverage, but our kids needed coverage too, we were lost. We had no idea what we were doing and we had nobody to ask questions to. I wish I could have had Genworth to turn to back then. I remember sitting at a big table at work on one of our breaks, speaking with a coworker who was an older lady much more knowledgeable than we were. She helped us get started. It wasn’t easy, but once we were done, we actually felt much more secure.
Now looking back, we’re realizing how important it is to have your whole family covered by life insurance, even the kids. Mike and I would have had a much easier time at the beginning of our marriage if we had not had the major expense of funeral costs and medical bills.
Do you have life insurance on your kiddos?