Life Insurance

[gilana]

 Does anyone know anything about life insurance?  It's occurred to me that that's one of those grown-up type things that might be good for us to have, at least enough to cover any funeral and burial expenses, but googling it is a little overwhelming, since there seem to be more kinds and options than I can easily wade through.  Do any of you understand this stuff, or can you point me in a useful direction?  We have renters and auto insurance through Liberty Mutual, so I'll likely go through them unless there's a reason to go elsewhere, but apparently my agent is out of town for a few weeks, so I can't just ask him right now.  Thanks! 

Comments

[skreeky]

It's a very good idea, even if you have no dependents, if it would be difficult to maintain your household on one salary through such a crisis. I'm not all that well insured because my income is not critical to maintaining the household, but Jon is insured well enough to pay off the mortgage and other major debts, and keep the household running at its current level without his income for several years. He also has very good disability insurance for the same reason. I simply don't make enough on my own to support this house.

I forget which type he derides as being a complete scam. But he sure feels very strongly about it. I'm gonna guess there's a chapter in "Personal Finance for Dummies" which is sort of his financial Bible.

[gilana]

That sounds like something I should probably read. I hate the "for Dummies" title -- I'm not a dummy, I'm just ignorant on the topic -- but the contents as generally pretty good. Maybe I should parse it as "As If For Dummies".