Cumulative burden of taxes

[406dn]

That’s a horrible situation and such is life all our are viables are so different. We decided keeping the career was best long term. If that was to happen to me she would be fine with my line of work my insurance has me worth more dead than alive.

For the entirety of my career at the refinery, I too, was worth more dead than alive. I teased my wife that it kept me on the straight and narrow. It is a great circumstance, if a company's benefits put you into that situation.

My wife was a stay at home mom, when our children were too young for school. Having me work a bunch of overtime was the most efficient way for us to make extra money.

 

[The_Jim]

One good life insurance policy is probably the easiest answer for that kind of scenario. I carry enough so that during the years my kids are minors my wife can pay off all of our debt, the kid's college, and multiple years of my current salary before having to worry about money. I think when my kids were very little I carried at least enough to get her totally out of debt with a couple years of my salary on top. That policy cost me like $400/year and worth every penny for the peace of mind.

You must not be in a high risk career at $400/year for a good policy.

My wife is a stay at home mom and we took out a large policy for her too because I would not be able to make the same income I am making now doing all the things she does at home.

 

[Exhausted]

You must not be in a high risk career at $400/year for a good policy.

My wife is a stay at home mom and we took out a large policy for her too because I would not be able to make the same income I am making now doing all the things she does at home.

Desk job, young, and healthy. Good is subjective. The first policy was $500K and more than enough at the time. I’ve added more now that my salary is higher and we have different debts and more kids. It is more expensive now. But if you have young kids, and you are relatively young yourself, life insurance only makes sense and is not going to be too unreasonable.