Even since becoming a parent, I have felt myself turning into my own parents. Sometimes this is good. Sometimes not.
There was a time when my dad would remind me where my parents' wills were whenever they traveled together on an airplane. I always thought that it was a really morbid thought. And now, here I am ruminating on life insurance.
Ever since becoming a parent, I have had a life insurance policy. I am committing hard earned money to the possibility that I will die. I still think this is morbid, but I realize that this is one way that I can continue to take care of my daughter in the worst case scenario.
My baby's daddy (the Korean American in the fam), however, feels otherwise. He doesn't have a life insurance policy of his own. I think in part this is a cultural thing - I think he feels that this is what family is for - that - in the worst of all possible scenarios, family would come together to make sure that everyone was taken care of.
I don't doubt that our families will always be supportive of us. But raising a child is expensive. And, in my opinion, the cost of life insurance far exceeds the potential benefit and could help alleviate some financial stress in a horrible situation.
Do you have a life insurance policy? Why or why not?
~ eliaday
