https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Sat, 16 May 2026 17:00:37 +0000 https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-151110 Mon, 07 May 2012 20:16:09 +0000 Meridian 151110@https://boards.hellobee.com/ <p>@Shimmer: Thanks for the explanation! </p> <p>Actually, my husbad HAD whole life insurance which his parents had previously arranged for him when he was younger, but we were paying ridiculous premiums (like $700/yr for only a $100K policy). So we cancelled that a few years ago and haven't replaced it. Definitely need to do so soon! </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-151098 Mon, 07 May 2012 19:57:56 +0000 Shimmer 151098@https://boards.hellobee.com/ <p>@sweetchic: From what was explained to us, term life insurance is exactly that: just for the term that you've chosen. So after the 10/20/30 year term that you've chosen, you no longer have life insurance - unless you opt to extend it. We were told that as time goes on, we can roll some of our coverage into whole life insurance, which gets you a payout at the end. Whole life insurance is a lot more expensive (in premiums) and usually isn't recommended for young people (according to our rep). And age is definitely a factor in obtaining life insurance and what the premiums are. It is very confusing! </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-151090 Mon, 07 May 2012 19:48:06 +0000 heffalump 151090@https://boards.hellobee.com/ <p>I don't, I don't work. But DH does, he gets it through work. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-151073 Mon, 07 May 2012 19:30:17 +0000 Penny Lane 151073@https://boards.hellobee.com/ <p>I voted for neither of us have it... But we're in the process of looking into it to get him at least covered, we're still debating as to whether to get me some coverage as well. My premiums would likely be lower because I'm only 22.</p> <p>We're thinking of buying a house soon also, and I don't know how it is in the US, but in NZ the banks wont give you a mortgage unless you have life insurance that covers at least your full mortgage. So we're going to have to get something eventually :) </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-151069 Mon, 07 May 2012 19:24:36 +0000 Meridian 151069@https://boards.hellobee.com/ <p>Neither of us have it, but I know it's important and we need it! I just find it so confusing... </p> <p>I've been told that Term Life insurance is all we need, and that's good for a certain amount of time. But my big question is - what happens after the 20, 30 year term is over?? Do you no longer have life insurance and is it harder to obtain a new policy when you are 50, 60 years old?? </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-151022 Mon, 07 May 2012 18:16:43 +0000 lemondrop 151022@https://boards.hellobee.com/ <p>Our financial planner helped us set up a life insurance plan that we put money into and eventually can stop and use a portion of that money into retirement or education where we need it. I don't really know the details beyond that, but we had to go through physicals and choose the best options for covering our expenses. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150862 Mon, 07 May 2012 15:25:28 +0000 sulli301 150862@https://boards.hellobee.com/ <p>@Mrs. Jacks: I couldn't (&amp; wouldn't) have said it better myself, ditto! </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150849 Mon, 07 May 2012 15:20:02 +0000 Shimmer 150849@https://boards.hellobee.com/ <p>Wow, thanks for the input everyone!</p> <p>I put a call into a rep for Metlife that we met with a few months ago. We're going to proceed right now with my life insurance (should be around $50-60 per month for mine) before the babies come and then add DH's afterwards... or we'll do both of ours just from the get go if it's affordable. Either way, I'll end up with life insurance sooner rather than later! </p> <p>We want to make sure our boys have the best life possible if we can't be part of it in the event of our deaths. Morbid, but it's reality! </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150656 Mon, 07 May 2012 13:26:19 +0000 kml636 150656@https://boards.hellobee.com/ <p>We just got this last year when we started ttc. </p> <p> It was a scary subject to bring up, but now I'm glad we have it.<br /> We got 30 year coverage for DH and 20 years for me. We didn't get a large amount of coverage, just enough for the mortgage, etc, and it is really pretty affordable. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150602 Mon, 07 May 2012 13:02:37 +0000 looch 150602@https://boards.hellobee.com/ <p>We're in the process of reassessing our coverage. I used to have one through my employer, but would like some private insurance now as I am not sure when I will return to work. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150578 Mon, 07 May 2012 12:43:35 +0000 Mrs. Cat in the Cradle 150578@https://boards.hellobee.com/ <p>We have enough to cover debts and our mortgage. We need to up it, though, to give our daughter a little bit of a hand-up, just in case something would happen to either one of us. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150577 Mon, 07 May 2012 12:41:33 +0000 winniebee 150577@https://boards.hellobee.com/ <p>I have a policy through work - but we are working on getting private life ins. set up - literally as we speak and hopefully before baby arrives. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150565 Mon, 07 May 2012 12:34:05 +0000 Minnie_Girl 150565@https://boards.hellobee.com/ <p>@Shimmer: Keep in mind that that number is based on having four different life insurance policies, and would not be indicative of what you pay. </p> <p>Also, the average funeral costs 6K or more, so life insurance is nice if only to cover that blow! </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150561 Mon, 07 May 2012 12:32:33 +0000 lavender 150561@https://boards.hellobee.com/ <p>I've had a policy since I was a teenager- my mom was proactive and signed us all up for one. DH is in the process of getting one. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150555 Mon, 07 May 2012 12:31:29 +0000 yoursilverlining 150555@https://boards.hellobee.com/ <p>We both have life insurance paid by our employers which is 2x our annual salaries; each. My husband also has an additional life insurance plan. He’s had it for a long time, and it’s built up quite a bit of “value”, so if we ever run into really hard times we could borrow against it. It would certainly be a last resort sort of borrowing, but it gives an additional peace of mind to know it’s there, just in case. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150480 Mon, 07 May 2012 11:40:37 +0000 mediagirl 150480@https://boards.hellobee.com/ <p>We both have life insurance through work and got separate plans outside of work that offer more coverage. We both feel that if something were to happen to one of us, our daughter deserves to have the life we had planned on giving her, not the life we can now afford because one of her parents is gone.</p> <p>It's not a fun thing to think about but it is SO important! </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150478 Mon, 07 May 2012 11:39:55 +0000 Mrs. Blue 150478@https://boards.hellobee.com/ <p>As for cost, we both have some insurance through work that we pay a super low amount for, and I have an additional $200,000 policy that costs somewhere around $80 every 6 months. Shop around because, depending on the type, you can have a decent sized policy without huge premiums. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150473 Mon, 07 May 2012 11:37:31 +0000 banana 150473@https://boards.hellobee.com/ <p>We both have life insurance paid for through our work. We also pay a supplemental one to increase the coverage. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150469 Mon, 07 May 2012 11:36:14 +0000 MamaMoose 150469@https://boards.hellobee.com/ <p>We both have life insurance. Hubs' is pretty substantial.. mine is less so. We will probably increase my amount once the baby arrives. We both consider it to be essential.</p> <p>At a young age getting a 20 year term policy would really be very affordable so I do suggest you look in to it. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150467 Mon, 07 May 2012 11:36:08 +0000 Mrs. Blue 150467@https://boards.hellobee.com/ <p>@Mrs. Jacks: This is exactly how I feel. </p> <p>At some point, when we have a substantial amount of savings and investments, we'll scale back our life insurance or cancel it completely. But, right now, we want to make sure that if either of us were to pass away that all our obligations would be taken care of and that we would have a substantial amount for our children's support, college, etc. I don't worry about who would take care of our future kids if something happened to both of us, but we wouldn't want them to have an huge added financial burden or for our kids to miss out on things because we did plan for the worst. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150457 Mon, 07 May 2012 11:23:37 +0000 chopsuey 150457@https://boards.hellobee.com/ <p>We both have life insurance! </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150453 Mon, 07 May 2012 11:22:08 +0000 mamabolt 150453@https://boards.hellobee.com/ <p>I have a policy through my job, but despite my repeated nagging, DH hasn't set up a policy for himself yet. He better get on it soon! </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150444 Mon, 07 May 2012 11:16:43 +0000 Alivoo01 150444@https://boards.hellobee.com/ <p>I have life insurance paid for by my work, but personally, the hubby and I do not have life insurance. We are both capable of working and earning income so we didn't see the need for the additional expense. However, once we have kids, we will definitely be purchasing life insurance for the both of us. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150443 Mon, 07 May 2012 11:16:40 +0000 Running Elley 150443@https://boards.hellobee.com/ <p>We both have life insurance. It was something that we did right before we got married because DH wanted to make sure that I was taken care of in case something happened. It's even more important to him now that I'm pregnant because I'm planning on staying home after this baby is born and if something were to happen to him while I was not working I'd probably lose our house, etc before I would be able to find work. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150438 Mon, 07 May 2012 11:15:11 +0000 LuLu Mom 150438@https://boards.hellobee.com/ <p>We both have life insurance, we got it right after we got married, it was important to us that if somethign were to happen to the other person, that we wouldn't be leaving a lot of debt (student loans, house, ect.) to the other person. With a baby on the way it is even more important to us to have the security knowing the other wouldn't struggle. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150427 Mon, 07 May 2012 11:09:31 +0000 Shimmer 150427@https://boards.hellobee.com/ <p>@Mrs. Jacks: We definitely want to give our boys the life they deserve whether or not we are able to share it with them.</p> <p>@MsLipGloss: I guess because my parents didn't have it, it wasn't made out to be something essential to me. I wonder how being pregnant will affect the premiums...</p> <p>@Minnie_Girl: Currently, I'm out of work so a couple hundred would be a bit tough. I have to see what we can work out!</p> <p>@mrsjyw: I agree about older = more expensive. I'm 25 so hopefully my premiums won't be too bad! </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150414 Mon, 07 May 2012 10:59:02 +0000 mrsjyw 150414@https://boards.hellobee.com/ <p>We both have life insurance through work at minimal cost and private perosonal policies both term and whole life. DH has a lot and is pretty much covered through infinity. I'd like to add more, but will have to wait 'til after L&amp;D. </p> <p>We both consider it essential and honestly, the older you get the more expensive it gets! </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150411 Mon, 07 May 2012 10:57:12 +0000 Minnie_Girl 150411@https://boards.hellobee.com/ <p>We both have life insurance. I only have a little bit at this point, but DH has a LOT (it's not a strain on our finances, either...probably only a couple hundred or so a month). It's very important to him that I have something to cover a mortgage, bills, etc. if something should happen to him. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150409 Mon, 07 May 2012 10:55:57 +0000 MsLipGloss 150409@https://boards.hellobee.com/ <p>We both have life insurance, and consider it to be essential. With regard to the cost, keep in mind that the younger you are, the cheaper the premiums will be, so in terms of planning, sooner is better rather than later. </p> https://boards.hellobee.com/topic/do-you-and-dhso-have-life-insurance#post-150407 Mon, 07 May 2012 10:55:34 +0000 Mrs. Jacks 150407@https://boards.hellobee.com/ <p>I think it is important to have life insurance until your savings is substantial enough to not need it. We wanted our little ones to have the same advantages in life that they'd have if we were here with them with a little extra for having to endure the disadvantage of growing up without a parent(s). </p>