Reply to Do we really need a will and life instance?

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[quote=Anonymous]If you are healthy I would not get life insurance through work partly because the rates may well be higher (because there usually isn't a health exam) and partly because if you leave you probably cannot keep the insurance (and at that point it will be more expensive, possibly much more, to get your own insurance).

Get guaranteed level term for how many years you think you need to provide for your kids-- I'd say at least 20 years.  You can find online calculators to help you figure out how much you need but a rough rule of thumb (as a starting place) might be 5-8 times annual salary (I think SAHPs need insurance too, but the calculation may be different).

You can start pricing online, at insure.com or accuquote or a site like that.  If one of you has a health issue or family issue you might want to try and find an agent who can help you figure out which company would have the best rates (and still be highly rated for financial stability).

For a will, I'd suggest starting with the Nolo willmaker book/software.  You'll learn about the issues, start thinking about what you want to do, and you can get a simple will in place without too much effort.  Then when you have a little more time you can try to find a lawyer to do something more complex/customized.

Definitely do both of those things, and then also consider disability insurance (although it's expensive) and umbrella liability (which is cheap).[/quote]

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