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DanaRenee
Fitness Junkie!
Member since 6/06 6470 total posts
Name:
Dana
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? for married persons...
do you and DH have life insurance and/or a will? Also, do you have an umbrella policy?
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Posted 6/28/07 11:55 AM  |
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Goldi0218
My miracles!
Member since 12/05 23902 total posts
Name:
Leslie
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Re: ? for married persons...
We have life insurance through work but will more than likely up the ante when we have kids. We do not have an umbrella policy, though my sister thinks we should. We do not have a will yet. We do, however have burial plots through a fraternal organization that DH belongs to.
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| Posted 6/28/07 11:58 AM |
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pinkandblue
Our family is complete, maybe
Member since 9/05 32436 total posts
Name:
Stephanie
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Re: ? for married persons...
we have life insurance, just got this a few months ago...no will yet, but it is on the list
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| Posted 6/28/07 11:58 AM |
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MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
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Re: ? for married persons...
We have life insurance, living wills, wills, and POAs.
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| Posted 6/28/07 11:59 AM |
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Geraldine
Lovin Life........
Member since 5/07 2388 total posts
Name:
Geraldine
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Re: ? for married persons...
We both have policies from before we were married...now, we are each others beneficiaries
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| Posted 6/28/07 11:59 AM |
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KrisT
Two Boys for Me!!
Member since 1/07 5213 total posts
Name:
Kristin
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Re: ? for married persons...
I have a small life insurance policy through work, but we are actually in the process of buying larger policies for both of us. We do not have a will and will likely not have one drawn up until we have children. We also do not have an umbrella policy.
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| Posted 6/28/07 11:59 AM |
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DanaRenee
Fitness Junkie!
Member since 6/06 6470 total posts
Name:
Dana
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Re: ? for married persons...
Posted by Goldi0218
We have life insurance through work but will more than likely up the ante when we have kids. We do not have an umbrella policy, though my sister thinks we should. We do not have a will yet. We do, however have burial plots through a fraternal organization that DH belongs to.
my sister is telling me to get one too, its only $300/yr for an additional $1 mil of coverage over and above your auto & homeowners...I think I'm gonna get it
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| Posted 6/28/07 11:59 AM |
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DanaRenee
Fitness Junkie!
Member since 6/06 6470 total posts
Name:
Dana
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Re: ? for married persons...
Posted by MrsBlueSash
We have life insurance, living wills, wills, and POAs.
your POAs are over eachother, correct? Like you have one over him and he has one over you?
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| Posted 6/28/07 12:01 PM |
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Smileyd17
kids
Member since 5/05 20997 total posts
Name:
Mommy
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Re: ? for married persons...
Yes, and now we have a child and we just purchased a home so yet to purchase the umbrella.
All important things to think about.
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| Posted 6/28/07 12:01 PM |
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MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
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Re: ? for married persons...
Posted by DanaRenee
Posted by MrsBlueSash
We have life insurance, living wills, wills, and POAs.
your POAs are over eachother, correct? Like you have one over him and he has one over you?
Yes, we have two, one for each other, and they are general POAs. We did this mostly because he is active duty and I am a reservist so there's always a chance one of us could be deployed. In fact I closed on our house with him underway so it was a good thing I had it done. I think they are good to have in anyone's case though; if there is an emergency and you have to act on your spouse's behalf a POA can make a big difference.
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| Posted 6/28/07 12:08 PM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: ? for married persons...
We each had life insurance prior to marriage & just changed them over to reflect each other as beneficaries...We do not have an umbrella policy yet but will get one once we have a child. Also no will set yet
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| Posted 6/28/07 12:21 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: ? for married persons...
we have life insurance through work but thats it..
we don't have kids or assets, so there is no need for anything more than that right now.
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| Posted 6/28/07 12:22 PM |
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Ladybug63
Ohh... baby
Member since 5/06 2527 total posts
Name:
D
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Re: ? for married persons...
We purchased term life insurance for both of us a few months ago since I'm pregnant.
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| Posted 6/28/07 12:25 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: ? for married persons...
You only need life insurance if you will not be able to support yourself or pay for funeral expenses if God forbid something happens.
Not all married people need life insurance. It really depends.
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| Posted 6/28/07 1:07 PM |
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tann22
LIF Adult
Member since 6/05 2421 total posts
Name:
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Re: ? for married persons...
We both have life insurance. No umbrella policy yet.
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| Posted 6/28/07 1:07 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: ? for married persons...
we have life insurance but not a will. we need to get that done
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| Posted 6/28/07 1:09 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: ? for married persons...
Posted by Blu-ize
You only need life insurance if you will not be able to support yourself or pay for funeral expenses if God forbid something happens.
Not all married people need life insurance. It really depends.
If you have children, though, you will lose out on the other income (providing the deceased spouse was working), which will decrease the amount you can save for your children's education, etc. You lose long-term savings and investment opportunities, etc.
I think everyone with children should have life insurance...
We both have life insurance through work and will probably obtain an additional policy once we are married.
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| Posted 6/28/07 1:11 PM |
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ODonnell
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Member since 9/05 5983 total posts
Name:
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Re: ? for married persons...
We both have them through work. I wanted to get additional, but as we have no plans for children and we both have 401Ks and pensions too, I was advised that it wasn't necessary.
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| Posted 6/28/07 1:13 PM |
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curliegirl
He's here!!!!
Member since 3/06 10128 total posts
Name:
Gina
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Re: ? for married persons...
I was JUST talking about this 5 minutes ago!
I was saying that DH and I really need to put together a will and get a life insurance policy....just enough to cover the remainder of our mortgage and possibly college tuition.
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| Posted 6/28/07 1:13 PM |
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jrbaby
LIF Adult
Member since 11/05 1204 total posts
Name:
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Re: ? for married persons...
We both have life insurance (term & whole life) and an umbrella policy. We had a will drawn up right before DS was born.
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| Posted 6/28/07 1:16 PM |
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curliegirl
He's here!!!!
Member since 3/06 10128 total posts
Name:
Gina
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Re: ? for married persons...
Posted by Blu-ize
You only need life insurance if you will not be able to support yourself or pay for funeral expenses if God forbid something happens.
Not all married people need life insurance. It really depends.
But why would you want to spend or possibly deplete your savings if a policy now is way cheaper than later in life?
Housing and college tuition (if kids) are really $$$$$$.
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| Posted 6/28/07 1:17 PM |
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Chrisnamy
Summer is coming soon
Member since 1/07 3991 total posts
Name:
Amy
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Re: ? for married persons...
We had each hadour own life insurance policy's before we got married. Now we need to shop and get one together now that we are married.
No Will yet....its something that we should look into.
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| Posted 6/28/07 1:25 PM |
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nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
Name:
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Re: ? for married persons...
We have both work & life insurance policies, health care proxies & wills.
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| Posted 6/28/07 1:34 PM |
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bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
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Re: ? for married persons...
i have a life insurance policy thru work, though it's not for much,but company paid which is nice. we looked into it -- we'll get more eventually. prob when we have kids.
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| Posted 6/28/07 3:57 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: ? for married persons...
Posted by curliegirl
Posted by Blu-ize
You only need life insurance if you will not be able to support yourself or pay for funeral expenses if God forbid something happens.
Not all married people need life insurance. It really depends.
But why would you want to spend or possibly deplete your savings if a policy now is way cheaper than later in life?
Housing and college tuition (if kids) are really $$$$$$.
If you have kids and other expenses that the other income was supporting or course that's the right move but just because you are married, doesn't mean you need life insurance on each other. It depends. That's all.
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| Posted 6/28/07 4:00 PM |
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