<$Tuesday, January 15, 2008$>
2008 Finance Goals: Life Insurance
| I'm enrolling my husband and I both in a life insurance program through my employer. This will fulfill one of my financial goals for this year. I think I would be okay financially (though the complete opposite of okay in every other aspect) if anything happened to my husband, God forbid, but seeing as I'm the current breadwinner, I'll rest easier knowing he's covered should anything, God forbid some more, happen to me. I'm having a little trouble with the paperwork, though. It's confusing enough that I think I'm going to have to call the HR rep to walk me through it. It says that "the guarantee amount is $150,000", and I'm not sure what that means. Is that the amount my work provides, or do I have to pay premiums for it? Or do I only have to pay premiums on any amount above that? Gah! It might be pretty straightforward to anyone who's familiar with this stuff, but this is all new to me. Once I get it figured out, though, I'll fax my forms to HR and we'll both be covered. And then we can start plotting each others' untimely demi-- oh, wait. Did I write that out loud? ;-) Labels: financial planning, goals |
