The future, jobs, life, all that, are uncertain. Heck, my parents just canceled their whole life insurance to get some term insurance. They’re saving like $2-3K a year or something like that (I don’t know exactly how much). They’ll still receive a similar amount in death benefits or whatever, but it’ll be a lot less. I think Dad said one is worth $150K and the other is $200K. Nowhere near what Josh is (5x his annual salary or $480K, depending on how he dies, I think it was), but it’s something one of them (or my sister and I, if they both go at the same time) can use to help with funeral costs, plus any similar expenses.
Are you prepared for your future? Josh and I are going to be looking into life insurance for me through State Farm in the coming months.
