I am switching insurance plans at work and there are numerous paperwork to fill out and decisions to make, one of which is life insurance for kids. My husband and I have life insurance, but do the kids really need them? My mother always used to say that she had these ‘penny insurance plans’ (that’s what they were called then) for us when we were younger. They didn’t cost much, just a few pennies a day, and the value is just enough to bury you if anything should happen. That always seemed like a morbid thought to me. For adults, they value your insurance against the cost it would take to replace your earning potential to your family should anything happen to you right now. For kids, it’s so your parents won’t have to dig into their retirement fund in order to bury you? Really morbid…
But then, I have been having such weird and random thoughts all day.
