ADVICE RATING |
  4.29 (Worth a try) from 9 votes (147 Visits) |
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Life Insurance and Beneficiaries |
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by rusha  (August 2006) (rank 148th) |
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Today was a day like any other, the birds were singing in the trees, the sun was blazing and my son and I were happily playing in the shade. The only thing that separates today from any other day is that I just bought life insurance.
I had
never thought of wills or life insurance or what will happen after I die, until I gave birth to my son. In the early moments of his life, when he was curled up in my lap snoozing after a 3 a.m. feed, all I could think about was what would happen to my precious son if my husband or I were suddenly called home. Would he be loved and cared for? Would he miss us? More importantly, would he be financially stable?
I must admit, my husband and I thought about life insurance for awhile before we purchased it. With an unexpected baby (albeit wanted and well loved), it made finances tight and we have a strict budget - so it was hard to plan for anything extra. Still, we felt that life insurance was vitally important. I cannot even begin to describe the peace that I feel knowing that if I were to die in my sleep or in an accident in the next few days that my husband and my baby would be okay.
Now that I have that covered, my next step is creating a well and securing a beneficiary, both of which I am actively pursuing. It is so important to me that my baby be cared for when I am gone.
Have you thought about this?
