Money Matters
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Life Insurance
DH and I have accident/dismemberment insurance but not life insurance. We both have a small amount through my work but not enough. We have one daughter and own our home.
I know nothing about life insurance. Should we do term or whole? Any advice would be appreciated.
Thanks!
1/24/10
Re: Life Insurance
http://money.cnn.com/magazines/moneymag/money101/lesson20/index2.htm
I found this link a helpful starting point for info about life insurance.
For amounts of
I vote term. The main difference is that whole life is for the duration of your life. You generally don't need life insurance when you're old. You usually start looking at annuities then (insurance against living too long).
My opinion is that y
Life insurance is wage & income replacement. To decide whether you need it, what kind & how much look at your lives.
Do you both work? If one of you died, could the other survive on their own salary? Could the other k
I've heard term is best. You can get a lot of coverage for a small amount of money.. Sometimes whole life is a last resort, like for my husband who is uninsurable for term due to past health issues.
SelectQuote was recommended to me.
Hi there! I recommend whole life insurance. the reason being is that whole life insurance builds cash value that you can borrow against while still living. This allows you to borrow the cash value for emergencies or just for living. it can either be a
Accidental Death & Dismemberment coverage is a ripoff and hardly ever pays out. If it's offered free through work, take it, but it doesn't make sense to pay extra for more coverage when it covers so little.
Get regular life insurance instead