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Do You Have Life Insurance? #GenworthUSA

This post was brought to you by Genworth as part of a campaign by the  Brandfluential team. All opinions, humor and thoughts in this post are my own.

For Melinda and I the answer is NO which is sad. I was reading an article “Why stay at home parents need life insurance” and the article made me think about life insurance.  There really is no good reason as to why Melinda and I don’t have life insurance other then it’s one of those things that just gets overlooked. When you are in your 20’s, 30’s and even 40’s you really aren’t thinking about dying which means you really aren’t thinking about life insurance either.

Melinda and I just recently had a conversation about why we don’t have life insurance and on how we should have some sort of coverage on each other.  Melinda is a stay at home mom and her contribution to the family in extremely valuable and like the article I mentioned states not insuring the stay at home parent is a bad financial mistake due to the many different hats they wear throughout the day like cook, driver and the list goes on and on.

I plan on heading over to Genworth and taking a look at their life insurance section so I can try to get a better understanding of what kind of policy would best benefit Melinda and I as well as what amount of coverage we should have.  For some reason I always thought life insurance was expensive but I was reading that a term life policy with $1 million in coverage may cost less than $1,000 annually for people in their 20’s and 30’s who are in good health, and less than $2,000 annually for people in their 40s.  That averages to about $83 a month which breaks down to $2.77 a day.  I know for a fact I spend at least $3 a day on dumb stuff so there is no reason why it can’t be applied to life insurance.

Do you have life insurance?  If you are married are you and your spouse covered?