So we’ve decided. There will be a 3rd baby added to the Mercurio clan. When? We haven’t set a date because neither of us want the stress of that added to the mix. Right now we are just satisfied that we have come to the conclusion that our two girls need another sibling and hopefully a boy at that.
The next step to the planning is to finally get some life insurance. I am ashamed to say that neither my husband or myself have life insurance OR a will. It’s completely horrible, I know. Now that we have decided that we will be done with babies after we have a third we think it’s a great time to start looking into it.
Here are some reasons we’ve been discussing as to why we need life insurance and the different types of insurance that we found through Genworth. I hope they help you too:
1. LIfe insurance can be used to pay off your debts. If not, your spouse will probably have to pay it off. No one wants to be left with the burden of bills.
2. The fact of the matter is, we all probably say “That’ll never happen” but guess what? We can’t predict the future. You could as healthy as an ox but that could change tomorrow.
3. Life insurance provides financial support to your spouse and children. Why do women need life insurance? Easy – life insurance is a safety net. More woman becoming the main bread winner in the family so it’s important to get your life insurance coverage so that your spouse and kids are covered if something should happen to you.
4. Disabilities after a death. If you pass away and your spouse becomes disabled then s/he would then be unable to financially support the family. Life insurance can provide the extra help for bills until they get back on their feet.
5. To cover your children’s future education expenses if you are not there to provide. Yep, life insurance can also go to education expenses.
Disclosure: This post was inspired by Genworth Financial. Opinions expressed are my own. For more information about the different life insurance types visit the Genworth Financial website.
Last Day! 
Good move! It is important that women get enough coverage because the work/services we provide our families are priceless! To replace all a SAHM does would break a widower. Please do get a will, too. It doesn’t have to be complicated but it would help out with taxes and your wishes for your children would be clear. Thanks!
Both my husband and I have life insurance and a will. After our daughter died at 4 months we decided that we really needed to take care of both these things. You just never know what the future holds.
That’s exciting for the future and you are so wise to be prepared in advance!
Right now, my husband has life insurance but I do not. We’re okay with that for now, because if something were to happen to me, I know they would be okay with just daddy. I do think it’s an important thing to think about when you’re a parent though!
I don’t have life insurance. My husband has some through his job, when we pay off some debt I’d like to get a policy for both of us.
We do not have life insurance either. But we do need to get it!
Having insurance is just peace of mind – just in case something happens I know my family will be protected.
Great info. We have life insurance but probably not enough. My hubby also has it through his work.
Planning for the future is very important and always in my mind.
Oh gosh! I havent had a life insurance. I used to have one but cancelled due to financial stress. I hope sometime in near future, I will open one.
Everyone ought to have life insurance of some sort. We have it through my husband’s employer.
i bought life insurance at 21 yrs old
Congrats on your decision! &We don’t have life insurance either, but we are planning on getting it soon since it’ll be easier to get now that we’ll be married in a few weeks.
Unfortunately, we don’t have life insurance due to the cost, but we’re thinking of getting it in the near future.
Luckily, my mom made me get life insurance when I was 20. So i’ve had it for 10 years now. Unfortunately, its term life insurance and not whole.
I don’t currently have life insurance but I definitely want to get it.
I have a small policy on myself, a small policy for my daughter and my husband has a big policy. If/when I go back to the workplace, I will hopefully get another bigger policy through my employer!
We got it right after our son was born!
I used to have it through my husbands employer, but now that is gone.
I used to work in the life insurance industry, so my husband is maxed out through his work plan and when our daughter was born we got a 20 year joint policy that would help me with bills and the mortgage if he died and would provide funds for childcare and housekeeping if I died.
My family is a prime example of “it can never happen to me” – my sister became a widow when she was 30 when her husband died in a snowmobile accident. Totally unexpected, and she would have been financially devastated if he had not had life insurance.
i do not have lice insurance yet, but i have been thinking about getting it.
I used to, but I dropped it. I didn’t want anyone profiting off my death unless I had kids, and now that I have them, it is so expensive!
I just signed up to get extra life insurance on myself.
Great post. Thanks so much for sharing.
We have spoken about life insurance on and off over the last two years. It’s a tough subject because no one wants to think about the worst case scenario but it really is so important!
sigh.. I have to get it asap.. I keep putting it off.. the whole thought of dying freaks me out.
The hubby and I both have life insurance
My husband has life insurance but I don’t. I’ve been thinking I need to get some though.