spinoff based on a reply to one of my posts: Life Insurance?
I'm 21. Never been married. But, I have a son.
I have quite a few life insurance policies. For me, for him, One that even has both mine and my ex's name on it, if for reason we BOTH die together ( seems less likely to happen now that we're in 2 different areas) but we wanted to be on the safe side to make sure he'd be ok.
Once lia is born, I'll have one for her too
I have a 401 K that's left to my sister and another few bank accounts all to be left to my sister, I've written special letters to her informing her of everything, with a copy in my special folder ( she knows YELLOW means IN CASE I DIE, OR AN EMERGENCY) Her and my aunt both know, if it's yellow, it's important lol money for my simple funeral ( also planned) and the rest for my children.
I'm very confident for at least 2-3 years my children will be financially taken care of due to the way I had things set up for them.
My BF: he has ONE policy, it goes to his mother, IF the military allows it, for his son, but he has NOTHING if something happens to his son :( I'm trying to explain to him things can happen, he thinks I'm over cautiious,
What plans if any do you have for ur family if something happens to them, or u?