23 October 2009

What's the Cost?

Have you seen all the tv commercials about term life insurance rates? I usually flip right past them - I don't have any extra money, and didn't really see the need for life insurance for myself. Term life insurance is a pure death benefit - its primary use is to provide coverage of financial responsibilities for the insured. Some of the expenses that could be covered by this insurance may include consumer debt, dependent care, college education for dependents, funeral costs, and mortgages. Yeah - it's even going to cost us to die! Since I don't actually contribute any measurable income to our household, I've held off on getting any insurance, but it sounds like I'll want to be sure there's some in place in case anything ever happened to hubby!

1 comment:

The Adventures of Grunty and Chubbs said...

Hubby will need it if you die (which you WON'T!) because then he'll need to pay for cooking, cleaning, childcare, etc. We both have it.