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Still Searching for Life Insurance

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Searching for life insurance shouldn’t be hard, but somehow I’ve made it harder than it probably has to be. I am just so cautious sometimes.

Here’s my dilemma, I need insurance without a physical or a blood test. I don’t have health insurance and I wouldn’t want anything being uncovered. My worry is then if there is something wrong with my husband or me it could be considered a pre-existing condition when we can get health insurance. Perhaps that would never happen – but so far I haven’t been able to find solid documentation otherwise. A lot of the “no physical” places almost seem like a scam (although I know they probably aren’t) but I am overly cautious.

Anyone out there purchase term life insurance with no physical and care to comment on the company (or even email it to me?). I could use a few thoughts from someone who has purchased from these companies before.

Thanks!!!


Bad Money Decision Confession Time #3

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Over at It’s Just Money the question was brought up on whether you have a will or not.

I bet by the title of my post you already know my answer. I don’t have one. I don’t have life insurance either (but my husband has a small policy on him thanks to his parents long ago).

Both things I better get cracking on and get done. I think the biggest reason I have dragged my feet was because of the mortality issue. I hate thinking about death in all regards. I’m not done with what I have to do here on Earth just yet. But if the unthinkable happens, I don’t want my husband and son drowning in debt.

That leads to the next dilemma. How much life insurance to get?

I don’t want to go too high, because costs need to be kept low at the moment. I think $100,000 policies (at least) should be taken out on each of us so at least the other spouse can try to get their life back together with no debt.

Gosh, this is so depressing to even think about. But I guess it’s a fact of life that has to be done. I don’t want my son paying for mistakes that I made if I have the ability to avoid them. And I don’t want the court deciding who should raise him.

With that said – writing up a will and shopping for life insurance is my goal for the next week. This is too important of a matter to let keep sliding by. A thanks to It’s Just Money for bringing the topic up.