CPW: Life Insurance

[geners]

MH and I have basic coverage through work, and then we each took out new bigger policies when we were setting up our wills, trusts etc. Also my dad took out one of those Gerber Grow Up life insurance policies on C.

[gdaisy09]

We have some coverage through work. But are planning to get bigger policies. Plan is that the policies would cover all our liabilities, so if something happens to one of us the other won't have to sell the house or anything, if something happens to both of us LO would be set for college, right now my parents would be her guardians (will change to my sister once she's more settled) so there would also be a plan for some of the money to cover some of their liabilities.

[RoLoMa]

We just have whatever each of our employers offer. We suck at adulting.

[aswedishbee]

We also just have what our employers offer. Hubs keeps saying he's going to up his since Sadie was born but I couldn't tell you if he did our not (leaning towards the latter).

[thatgirlrachel]

All 3 of us have whole-life 20-pay policies. So after 20 years we never have to pay for life insurance again. I have a term-life policy added to mine for more coverage. I also have a child's rider on my policy so there is a little bit of extra coverage for EG in addition to her own policy.

Open enrollment is coming up at my job and I will be looking at adding a basic policy for each of us if the premiums are low enough.

[evenkeeled]

We have employer offered life and then maxed it out at $500,000 at our expense for the each of us. Right now his has to have his ex wife as the beneficiary for a few more years and so we have mine at 500,000. It is a term life policy.

We will need to pick up additional as we finalize our will and trust.

[physiomeg]

I also suck at adulting. We both of policies both on ourselves and eachother through out work. Mine is maxed out and would cover paying off our mortgage plus other expenses should anything happen to me. I'm sure we need more, but it's not something I've looked into.

[COCO]

We have two policies for DH - one through his employer and another we pay for. I had a small policy through work, but I quit my job on 6/30. No policy on me right now.

[expatmama11]

H has a policy through his work. There are issues with me trying to get a policy because of us living out of the country. I would like to get something on myself at some point.

[byjove]

DH don't have a will yet, but have this covered. We have private policies.