Finance Considerations If You Pass Away

If you have children, I think it is very important that you have life insurance to cover things like your mortgage. That way, if something happens to the insured parent, the mortgage is covered and the remaining parent and child or children have one less financial worry. Term life insurance is a very good idea if you have a mortgage. I would encourage you to get term life insurance quotes to make sure your family is covered should something happen to you.

We have term insurance, employer provided insurance through my husband's employer, and a universal life policy. I think we're pretty well covered so our children aren't left with nothing and sent to a family member's doorstep with nothing to care for them should the unthinkable happen. It's the responsible parent who does what they can to protect their children's future as well as they can. I was really surprised to find out how inexpensive it is too.