So I know lately I have sucked at blogging, my blog crashed adn it is currently all messed up, but as I read one of my favorite blags today at http://www.frommrstomama.com/ and saw her post about the life insurance movement, I had to join in.
My husband absolutely hates talking about our finances to other people, I don't mind it as much, I don't give details, but I am proud of where we are financially as young parents. In the last 2 years we have paid $20+k on IVF treatments, $8k on our dogs legs and done a couple big home projects, so to be able to do those things and not be in the poor house is such a blessing and so is having the opportunity to plan for our future by participating in 401k plans, 529 college savings and Yes....Life insurance policies...BIG, mega Bucks life insruance policies So, the question going around all over today is...do we have life insurance? YES YES YES! I took out my first life insurance policy when I was probably 21 and starting my first "real job". It was small, maybe 1 year of my then tiny salary. Later, as my salary grew, so did my life insurance. Then, I got married. We decided then to get seperate, a little more signifcant life insurance policies outside of our work plans. Next, we find out we are pregnant...well, what if something happens to both of us, we NEED Gianna to be able to live out all of her dreams and be comfortable. So now we take the plunge to take out some mega dollar life insurance policies. Yes, they are pricey around $700 a year for life insurance, but it offers us so much peace of mind that it is priceless.
I know so many friends and aquaintances that are not even thinking about life inurance, they have kids and have maybe their work policies that pay 1 year salary and many have nothing and while to each is own, I just find it mind boggling. I am proud to say that we are planning for the unplanned and are practiicing responsible, loving parenting by having these life insurance policies. We also put money aside into a 529 college plan for our daughter in hopes that she will never see the life insurance money, but will still have money there for her to make something of herself, so overall I am very please with how we are using our finances to plan for her future.
We pray that we are including in the large percentage of people who take out life insurance policies and never use them, but God forbid something happen to 1 or the both of us our family is covered. If my husband is left to take care of Gianna and her future siblings he will be able to pay off our home, pay for my funeral, pay for their college education, future dream weddings, nanny care and then some and to me that is so worth every penny. My husband and child are without a doubt the most important people in this world to me!
You can join in on the movement as well....http://www.goodfinancialcents.com/life-insurance-movement/