I must be bad luck this year. I’ve gone on two vacations and both times I ended up having friend pass away due to cancer. While it’s hard seeing someone old pass away to cancer, I can say it’s even harder to watch a mother of 2 young children pass away as well, and that was the case for me both times.
Now I just found out this week a girl I graduated with is battling breast cancer and she too has 2 young children. I keep wondering.. why are younger people now getting this awful disease? Before it use to be just old people who got it.. now it seems to be hitting the younger people as well. (30′s)
Seeing these husbands/dad’s now deal with the everyday life of their 2 young kids without the support of their wife just crushes me. Both moms were stay at home moms so now the Dad’s are having to find day care for their kids.. just another added expense for them. That’s where life insurance would of come in hand.
Paul and I already bought our term life insurance for the “just in case” and I’m so glad we did because at least I know if something happened to me and he had to find day care he would have the money to pay for it. I know some of you are saying why did you go with term life insurance instead of whole life insurance. The reason why we chose term was because we just wanted the life insurance part of it.. we didn’t need them to also invest money for us in bonds or the money-market. If we want to invest in that stuff, we would rather do it ourselves instead. Plus with term we were able to buy it for a certain number of years where then it will expire and we will have to reapply, which was fine with us because by the time we have to re-apply the house will be paid off (which it already is, but we are looking at maybe upgrading) so we wouldn’t have to have as much of a policy on each other.
All I can say is if you don’t have life insurance yet and you have a spouse and kids, what are you waiting for? Ask around and see who people recommend and get quotes. I think you would be surprised on how cheap it is, and then you will feel better knowing your loved ones will be ok in case something happens.
