Do you or your partner have life insurance?

[Traveller]

We both have it, enough to clear the mortgage and a to take a few years off work to support the kids through their grief. If both of us died it would be enough for my sister to be able to provide for an extra 4 kids on top of her own 3 plus some left over as a nest egg for our kids once they reach adulthood.

[LuluHB]

We both do ($1.3m for each of us), and DH also has income protection insurance. Obviously with that kind of cover we pay pretty hefty premiums, but we wanted enough to pay off the mortgage and then have enough so that if it was DH who passed away, I wouldn't have to even consider going back to work, and if it was me then DH would either be able to stop work to look after the girls, or hire good professional help so he could continue working. If both of us pass away, then my parents will take the girls. They are getting on in years, so they will need to get help in, whether its domestic or child care related.

[Lenny]

We both have it, enough to clear the mortgage and a to take a few years off work to support the kids through their grief. If both of us died it would be enough for my sister to be able to provide for an extra 4 kids on top of her own 3 plus some left over as a nest egg for our kids once they reach adulthood.

Same.

[Gigi]

i have no life insurance, i would consider getting some, if the people selling life insurance weren't so pushy.

I had a running battle with my ex, when we were together about this topic. I wanted him to get life insurance (sep to superannuation) and income protection insurance - he would never agree to do it. Now we are separated, it's like he thinks there is even LESS reason to do this. He has two child dependents (one disabled) so i think it's pretty important.

i have no idea who to appoint as bilby's guardian if i died, i guess it would have to be her father. I doubt he would have the money to put her into before and after school OSC, but cannot see any other way for him to keep his (low paying) job.

My only relative (auntie) is very vocal that her days of dealing with little children are long gone, so i could imagine her taking bilby to the zoo, outings like that ocassionally, and celebrating her birthday with her, but not daily stuff.