With so much planning about living and retirement, it is a little disheartening to talk about planning for when we are no longer here. While my husband and I have started some estate planning, we have not gotten around to getting that notarized and I must say it makes me stressed so hopefully we can complete that soon and get all our documents in order. This is a big goal in 2018.
Now, as for life insurance – we currently have 2 young kids and each of us parents have a $1 million dollar policy, plus a 1x our salary policy from our work (as benefit). We were recently discussing when to stop having this insurance. Check more on that rationale here.
How about you – what is your plan? Do you have a will, a guardian for your kid(s) or pets and a plan for your assets? How about life insurance?