By Jenny on Good Life. Better.
Life insurance is such an interesting product (and a misnamed one too—although I appreciate that “death insurance” might be a harder sell).
It’s such an adult thing to have, like a couch you didn’t get secondhand.
I was first introduced to the importance of life insurance when my dad died when I was 15. Without the money from his insurance policies, we would have been in the suds for sure: as an elementary school teacher, my mom made about two-thirds what he did as a factory maintenance worker so getting by on her salary alone would have been tough.
My experience illustrates how critical life insurance is when a primary wage earner dies young without a lot of savings built up, leaving behind dependents…Read More