I was reminded yesterday how fragile life really is.
In a heartbeat things can change.
Which got me to thinking about sad things, but things that as a parent, one must think about and prepare for; the most important being, what would happen to my children should I pass from this life?
Morbid I know…
Of course the first thing to do his “hope for the best, but plan for the worst.” One of the first things to do when planning for such a catastrophe is to get life insurance. Thank fully my husband and I have insurance through the Air Force. A while back I wondered if it would be enough and found I had no answer to this question. My first instinct was, although it’s a sizable amount, I don’t think it would be sufficient. When I’m in doubt about something I Google it and I discovered that for life insurance one should have enough coverage to pay off any expenses or debts, then enough for you dependents to live off of. I found this handy insurance calculator that was very helpful and through my research found many companies offer an online life insurance quote as well as companies who provide insurance with no medical exam.
As I mentioned before, my husband and I are lucky, we’ve got some life insurance through the military, and we’re also members of a great company called USAA which only serves the military and their families and is the company we use for all of our financial planning.
It’s hard to think about these things, making wills, planning for the inevitable, but it’s something that we as parents must do.