Having the Life Insurance Talk

Disclosure:This post was brought to you by J Women’s Network and Genworth. All opinions are my own.

I told you before that I have changed my life insurance policy to meet my needs now. Well I decided it was time for Edgar to do the same thing and I must say that having the life insurance talk with him was not easy. He thought what he had when we first married was more than enough. The truth is after all these years our lives have changed, with children and other things that have come into our lives it was past time to re-asset everything. 

We were not sure how much he would need either but thanks to Gentworth we were able to use a life insurance budget calculator and figure up just what he would need. He is now looking at several options and policies before he makes his final decision.  It is a personal decision for him because he wants to have enough to provide for us but to also have something for his parents back home.

It is important we have learned to review your policies every few years to make sure you have the right coverage at that moment in your life. His original policy would have barely been enough to cover the costs of his burial let alone leaving anything for us to take care of other expenses such as house payments until I could figure things out. There would also have been nothing for his parents.

Learning about life insurance has not been easy but I think it has been important. He even decided to add disability insurance to his policy just in case. After all with his job he could easily fall and hurt himself severely and then we would be no better off.