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April 13th, 2013, 11:23 AM
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mccaroline mccaroline is offline
Platinum Supermommy
Join Date: Feb 2006
Location: SW Ontario, Canada
Posts: 7,024
We have life insurance. It's actually not as bad as your DH thinks. We pay monthly and without looking up the exact number, I believe that its about $30/month and that gives my DH a million and me $750,000, that also puts a small amount on each child so that if something should happen we could at least cover the funeral costs.

My suggestion is to talk to a broker. We called the brokers that we had our house and car insurance with. They sent someone out to talk to us and he explained about the different kinds of insurance ie whole life and term, which would best fit our needs right now, how to work out how much insurance is needed, even explained to us how to best use the insurance money if it ever came to that. I must say that I am really comfortable with our decisions on it now, because I felt as lost as you do now before meeting with this guy. Because we went with a broker too, he was able to look up and get better deals for us too instead of dealing directly with one company.

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