Monday, June 3, 2013

Life Insurance Questions? Genworth Can Help!



Disclosure: Information for this post is sourced from Genworth Financial in partnership with the SheHeard Influencer Network.

When we made the move from one state to another, I was certain I would keep working and have the wonderful benefits and salary that I'd been making for years. What really happened is we moved from the big city of a very prosperous state into a rural area of a state that was very economically challenged. To boot, it was a move from a warm weather place to a cold one. That meant, and I didn't know it at the time, but I sure know it now, that in order to get that great job where we had moved, I would have to drive over an hour each way to work, five days a week (sometimes more)...and in the inclement weather months, I would have to do it in scary driving conditions.

After spending a year at a local but mediocre-paying job that I hated (and has since gone out of business), my husband and I made the decision that we would have one last child instead, and that I would become a stay-at-home-mom. That decision has been wonderful in so many ways, but it has been scary too.  One of the things that really concerns me is my now-lack of life insurance. While I had this very important detail taken care of at my previous place of employment, there was no such thing as a benefits package that included life insurance for Stay at Home Moms.

In reading Why Stay-at-Home Parents Need Life Insurance, I found myself presented with this question:

"If you died tomorrow, would you have the money to hire people to do all of the things that you do for your family on a day-to-day and year-to-year basis?" 

The answer for me, is of course not. While my husband has life insurance at his job, I currently have none. If something were to happen to me, so many areas would be left in the air, and it would put my husband in a very precarious position in many ways, including financially.

Life insurance is a great way to have a plan in place to prevent chaos if the unthinkable does occur. That's where Genworth Financial can help. With information to help guide you on how much life insurance you need, what the typical cost will be for someone in your age group, and other equally pertinent information, I am slowly feeling like I can make it past this temporary hurdle and get a plan in place that will ensure I am not leaving behind unnecessary hardship for those I care about the most (and that is very important to me).

If you are a stay-at-home-mom, seeking out life insurance makes good sense. Be sure to visit Genworth to find out why and what exactly you can do to go about putting a plan into place that works for you.


38 comments:

  1. Great post Rosey! I think many of us stay at home mom's have this same question burning through our minds. This is definitely something to look into!

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    1. Thanks, Theresa. It's definitely worth exploring. Being prepared is never a bad thing.

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  2. Just stopping by to say hello - happy Monday to you. sandie

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    1. I'm glad you stopped by, and hello back. :)

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  3. My kids are all grown, but I still need to look into this.

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    1. They offer a lot of good information that's easy to understand. There's other areas financial that are informative too. Thanks for stopping by.

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  4. Thanks for this reminder. It always pays to be prepared!

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  5. We are in the process of going over out life insurance policy now-

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    1. You're lucky that you have it! It was something I never thought I'd be without but life's funny that way with the turns you take and where they lead you & now I find myself having to get caught back up. :)

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  6. Many people should have it, but then that takes dough too I suppose. I have it through work, but somehow I don't think the cats would care haha

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    1. I bet they would, and tons of other people too. :)

      I put all my eggs in one basket, and shoulda' woulda' coulda' ended up w/nada. We're working on it.

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  7. That's the one good thing about teaching, great benefits. The pay is eh and the pressure is unbearable at times, but we do have good benefits.

    http://joycelansky.blogspot.com

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  8. This is great. We've been really looking into life insurance so this is so useful!

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    1. We've got an independent policy for each child and hubby's covered through work. Since we moved and I'm not working, I'm the only one not covered. Crazy! I hope the site is helpful for you.

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  9. My life insurance used to be covered by the company I worked with but since I quit I need to provide it myself. Life insurance is definitely important.

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    1. It really is something we should have, especially since we have the little ones at home still.

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  10. Life insurance is very important when you have a young family. I'm not sure about us older people who have a good retirement in place if we should keep paying quite a bit for life insurance, tho.

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    1. The article above talks about that too, offering guidelines to how long you might need to carry the insurance. I saw your roses just now, they're gorgeous!

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  11. I thought about that so many times when my kids were little. I just knew my hubby would be at a complete loss if he had to take over and a policy would have ensured he could hire someone to help with a few things.

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    1. That's it exactly, Liz. My husband would be at a loss too. The insurance would do more than help a little, and it would give me peace of mind to have it.

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  12. I have a small-ish policy in case anything were to happen to me. I want to make sure my boys are taken care of.

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  13. You just never know, best to have it then not

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    1. It will make me feel better when I have my own again.

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  15. It really gives you and your loved ones peace of mind. It's hard to put a price on that.

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    1. My thoughts exactly. The last thing I want to do, Keith, is strap my family down with things I could have made easy for them, should the unthinkable happen. It does worry me, and with rightful reason. Thanks for stopping by. :)

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  16. I stay at home for pretty much the same reason :) All the money that I would earn would go for childcare, we live in one of the poorest regions in the US and goods jobs are hard to find. I agree that stay at home moms do need to remember to prepare with life insurance etc.

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    1. It sure took a lot of getting used to getting used to it (living in a state w/a slow economy), if that makes a bit of sense. ;)

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  17. Before Isaak I didn't have any. I'm so glad I do now! Peace of mind!

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    1. Exactly what I want for the family!

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  18. As I get older, I keep thinking about life insurance. Genworth sounds like a nice place to talk to about it!

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    1. It's certainly worth taking a look. Thanks for the visit, Brandy.

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  19. Hi Rosey,

    I've been at home since the kids were born. We've had term Life Insurance ever since on both me and Grant. I guess I come cheap at about $250K worth...it only costs about $16 a month, but it is nice to have that peace of mind.

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