Do You and Your Spouse Have Life Insurance?

[Alex+R 0]

I don't even know. I'm the beneficiary of something Rey signed at work. Was it life insurance? Dunno. Do I have anything worth putting in a will? No. I've already informed those in my hierarchy of who would be assigned to take in my kitties should I die.

I don't care what they say, youth is not wasted on the young. It's not caring about stuff like this that makes me appreciate every minute of it.

[Welshcookie 17]

We pay life insurance on my hubby but not for me, his reasoning on this is that if I die first he is always going to be alright financially so he just wants to make sure I am ok if he dies first. Same for wills...although we own his family home in the States and I am happy for that to be returned to his siblings.

I think it is important that people aren't squemish about these issues...my brother died in an accident and I was so pleased that everything was in order for his family. Grief is hard enough without the worry of how to pay bills and such.

[one...two...tree 2,762]

I think it is important that people aren't squemish about these issues...my brother died in an accident and I was so pleased that everything was in order for his family. Grief is hard enough without the worry of how to pay bills and such.

[Caladan 19]

Also, do either one of you have a will? Is it something that is important to you at this point?

When C. had a life insurance policy in Canada through work I was the beneficiary, but that's lapsed. It isn't a big deal to us at this point because frankly, his death would mean that I had fewer bills and my death would mean he'd return to Canada, get an L-1, and go to work in Texas because yes, oh yes, work laws are just that dumb.

If we owned a home or significant joint debts, or had children, we'd consider it.

[sparkofcreation 0]

I have life insurance through my job at 3 times my salary. I also have a small amount of life insurance on him through my job, enough that I could pay for a funeral.

I don't have a will but we do need to get around to get our living wills/powers of attorney notarized. Just in case.

[Jasman0717 9]

I have all sorts of retirement accounts and equity in our home so Claudeth will be just fine when I kick the bucket .....as the Beatles said "many years from now" Knock on wood

[wherezdabearz 0]

Yes, we made wills when we got married and got life insurance as it was required in order for us to be approved as adoptive parents.

[sara535 15]

I have the 3 times my salary at work benefit too plus I think I signed up for another double or something. We have a will but it really needs to be updated. We'll hammer it out again as soon as I have this baby I am sure.

My mother died a few years ago without life insurance and ever since then I have been a big proponent of everyone having at least a small policy. My sister and I were left holding the bag on a lot of things and anyone who thinks that debts are automatically erased in the case of death is wrong wrong wrong. I am STILL fielding calls and sometimes paying for things that even a moderate policy would have allowed us to take care of. I will NOT do that to my spouse or children.

Plus an advanced medical directive is a huge thing. I know a lot of people dont want to talk about it but I have tremendous gratitude that at least my mother had the foresight to have one. It did come into play and again, people who think they dont or wont need to deal with this at some time are often fooling themselves and can end up putting their loved ones in some horrible positions.

[MissStacey 1]

Nope. We have nothing together.

I am not established here yet and I think Mel has a problem with that.

If he were to die tomorrow- I would have no way to even take care of the funeral. I would have no choice but to return to Canada- I can't even legally work yet.

I told him if something were to happen to me in the near future- I want my body sent back to Canada and I want my parents to take care of me.

[one...two...tree 2,762]

I have the 3 times my salary at work benefit too plus I think I signed up for another double or something. We have a will but it really needs to be updated. We'll hammer it out again as soon as I have this baby I am sure.

My mother died a few years ago without life insurance and ever since then I have been a big proponent of everyone having at least a small policy. My sister and I were left holding the bag on a lot of things and anyone who thinks that debts are automatically erased in the case of death is wrong wrong wrong. I am STILL fielding calls and sometimes paying for things that even a moderate policy would have allowed us to take care of. I will NOT do that to my spouse or children.

Plus an advanced medical directive is a huge thing. I know a lot of people dont want to talk about it but I have tremendous gratitude that at least my mother had the foresight to have one. It did come into play and again, people who think they dont or wont need to deal with this at some time are often fooling themselves and can end up putting their loved ones in some horrible positions.

Yep. That is something many people don't realize.

[chri'stina 190]

We both have life insurance policies. My amount is smaller than his, but there are some bills we are paying that are in my name (left over student loans, etc) so if God forbid something happened, there would be money to pay it off instead of it dragging out. I don't like to think about one of us dying, but some stuff has happened in our families that has made us more aware of how important these kinds of things are for the sake of the spouse. We don't have wills yet but I know we should do that. Especially with a baby coming along.

[Mrs.J06 4]

Yes, we have life insurance and a will in the making (since 6 months now ).

[*JG* 2]

We do have life insurance and for health . I want my hubby not life insurance.

If only it were that easy................

I believe it is important. Especially important now that we are still just starting our lives together and his is establishing himself here. If something were to happen to me, I want to make sure he is secure until he can figure it all out on his own.

This is what I've been thinking. God forbid I should die soon, but if I did, my company has life insurance for me, but I don't think it's enough to help keep Jinky afloat and survive on her own.

Mine wouldn't last Andre more then a few years. He'd still have to work. But still, it's better then nothing.

[*JG* 2]

I have the 3 times my salary at work benefit too plus I think I signed up for another double or something. We have a will but it really needs to be updated. We'll hammer it out again as soon as I have this baby I am sure.

My mother died a few years ago without life insurance and ever since then I have been a big proponent of everyone having at least a small policy. My sister and I were left holding the bag on a lot of things and anyone who thinks that debts are automatically erased in the case of death is wrong wrong wrong. I am STILL fielding calls and sometimes paying for things that even a moderate policy would have allowed us to take care of. I will NOT do that to my spouse or children.

Plus an advanced medical directive is a huge thing. I know a lot of people dont want to talk about it but I have tremendous gratitude that at least my mother had the foresight to have one. It did come into play and again, people who think they dont or wont need to deal with this at some time are often fooling themselves and can end up putting their loved ones in some horrible positions.

Exactly. I've dealt with all of the above too and I could not agree with you more.

Life is a lot shorter then we expect it will be sometimes. Better safe then sorry is my mantra.

Nope. We have nothing together.

I am not established here yet and I think Mel has a problem with that.

If he were to die tomorrow- I would have no way to even take care of the funeral. I would have no choice but to return to Canada- I can't even legally work yet.

I told him if something were to happen to me in the near future- I want my body sent back to Canada and I want my parents to take care of me.

Yah, we are arguing this point. Andre wants his body shipped back to Jamaica. I'm like, you know I can't just pack you in a suitcase........it will cost lots of $$$$ to carry out those wishes. Can't you compromise somehow? We are still working on that part.

[pinaymama 0]

yes my hubby has one and we're just included...