I’ll be honest. I’ve found myself overloaded with finance for the past several months. My job is already in finance, but on top of that, we’ve also been looking into estate planning and education funds like Coverdells and 529s now that we have a son, figuring out what to invest in given recent conditions and even starting our house hunting process (which, in the Bay Area, means you’re still in for sticker shock even though prices have supposedly dropped dramatically).
Still, these are things you have to do once you’re a parent. One thing that became evident through the estate planning process we’ve begun is that we’re woefully underinsured. My husband and I had always just signed up for whatever default life insurance was offered by our employers, but all that’s changed now that we have a child.
So, the last several weeks have seen us looking into term life insurance options. There are actually many types of life insurance policies, but we opted for term since it’s the simplest and inexpensive, and suit our needs.
Here are some things we learned through the process so far:
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