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re: Life Insurance

Posted on 9/12/11 at 7:33 am to
Posted by Lafman
Member since Mar 2010
540 posts
Posted on 9/12/11 at 7:33 am to
horrid as this sounds, life insurance is to replace the income of the income makers, not to insure a kid.
Posted by Da Hammer
Folsom
Member since May 2008
5818 posts
Posted on 9/12/11 at 8:45 am to
IMO...

On insuring your children, so long as you have 10-15K in the bank that you can access to cover funeral expenses (not very expensive in the case of a child) and time to recover from the loss (meaning to cover loss of income while you get your mind back) you should not need to cover the kids.

Unfortunately I am speaking from first hand experience on this.
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