I read an article last week from an Alabama blogger about a man who died of a heart attack at 44. I was horrified. My parents are in their late 50's and I don't want to even consider that they are old enough to die. My grandmother died last year at 74 and I think she was too young to die. In this man's case, he left behind a wife and three children. They decided to have kids late in life with already having an older daughter and two of the kids were still in the home. His wife was a stay at home mom and he only had 10,000 in insurance which barely buried him. They were left with nothing. The article was written by the older daughter who was in her 20's and she was going to move back in with her mom to help her make ends meet. What I got out of the article was that everyone needs good life insurance and it is never too early to consider it. It is a good idea to check out life protect insurance.
My grandmother had a similar situation. She only had 10000 in insurance which did not cover her entire funeral or burial. It especially didn't cover the hospital bills from the years she was sick before her death. GIO Life Protect could pay out a lump sum of up to $1,000,0002 if you become terminally ill or die. I wish she had considered something like that because my grandfather is not doing well without having her social security income added to his. Life Protect insurance costs as little as a few dollars a week and you get 10% cash back every 3 years that you are covered, for the life of your coverage. They also guarantee coverage up to 99.
This just makes me think about what would happen to my family if something happened to me? I recently quit my job at the software company I worked at but I still make an ok living. I also do pretty much what you would expect a mom to do. My husband could not handle it. He can barely get time off now so he would lose his job if he had to take our oldest to gastro doc, the psychiatrist, the psychologist, and the orthodontist like I do. If my husband died I have no idea what I would do. He makes over three times what I used to make when I worked and quite a bit more times what I make now. We would lose our house. Luckily our cars are paid for and my son's braces are paid for. We pay ahead for everything we can in case hard times come but I cant even imagine losing my husband.
I think it is time to consider our future and make sure that no matter what our kids will be provided for. I do not want to be that man and leave my family behind with nothing.