I had a friend unexpectedly lose her husband several months ago.
They were in their twenties and he died of cancer.
How that could happen to someone in his twenties is another discussion but she ended up having to borrow money from friends just to give him a proper burial.
Such things aren't cheap nowadays.
It got me thinking.
To be a financially responsible wife, am I expected to be setting money aside for unexpected funeral costs? It may be a ridiculous question but came to mind because of my friend's experience.
Turns out the answer was pretty simple and obvious when I started looking into getting life insurance coverage for my husband.
My husband and I are both in our thirties.
When we started our family is when becoming financially responsible even entered our minds.
I stopped working and took on the most demanding job of raising two boys, making a pretty comfortable home life and taking care of my husband.
Being responsible for the family like that brought out a side of me I really was unfamiliar with up to that point in life which is that of the concerned parent.
I started worrying about a lot of "what ifs" and losing my husband crept into my thoughts, I guess when I knew someone who lost her husband.
In working out how much life insurance we should get and factored in costs, the term rate quotes showed we could get the highest coverage at the lowest cost with term life insurance.
And like all types of life insurance one of the enticements for buying is that the insurance proceeds are typically used to pay funeral costs.
Having seen what discomfort another person went through trying to work out coming up with the money for such costs made that insurance benefit seem more of a selling point to me.
So I suggest insurance is worth having even if you want to never have to use it.
Sooner or later you will experience peace of mind that you have it.
Gather the data you need to make your buying decision; get life insurance quotes, compare insurance rates, decide on the type of insurance that makes you most comfortable, and just plan it as an ongoing living expense.
They were in their twenties and he died of cancer.
How that could happen to someone in his twenties is another discussion but she ended up having to borrow money from friends just to give him a proper burial.
Such things aren't cheap nowadays.
It got me thinking.
To be a financially responsible wife, am I expected to be setting money aside for unexpected funeral costs? It may be a ridiculous question but came to mind because of my friend's experience.
Turns out the answer was pretty simple and obvious when I started looking into getting life insurance coverage for my husband.
My husband and I are both in our thirties.
When we started our family is when becoming financially responsible even entered our minds.
I stopped working and took on the most demanding job of raising two boys, making a pretty comfortable home life and taking care of my husband.
Being responsible for the family like that brought out a side of me I really was unfamiliar with up to that point in life which is that of the concerned parent.
I started worrying about a lot of "what ifs" and losing my husband crept into my thoughts, I guess when I knew someone who lost her husband.
In working out how much life insurance we should get and factored in costs, the term rate quotes showed we could get the highest coverage at the lowest cost with term life insurance.
And like all types of life insurance one of the enticements for buying is that the insurance proceeds are typically used to pay funeral costs.
Having seen what discomfort another person went through trying to work out coming up with the money for such costs made that insurance benefit seem more of a selling point to me.
So I suggest insurance is worth having even if you want to never have to use it.
Sooner or later you will experience peace of mind that you have it.
Gather the data you need to make your buying decision; get life insurance quotes, compare insurance rates, decide on the type of insurance that makes you most comfortable, and just plan it as an ongoing living expense.
