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Don’t really have anything to add today but I did manage to go get a term life insurance policy taken out to make sure my family will be able to manage should something happen to me.

It’s a $500/k policy effective immediately. I have to take some test and such but it’s pretty much official.  What’s weird was hearing his take on whole life and term life insurance.  If you’re a Dave Ramsey cult follower, you know that whole life insurance is the devil.  My insurance man likes to think it’s an investment avenue.  But I like to hear both sides of the coin so I asked him about it and it still didn’t sound too good while he was explaining the difference between the 2.

I’m just relieved because my severance with Sprint runs out in a little more than a month and my policy I held with them will run out then too.  But now I feel much better with my entire situation.  It (along with my new Honda insurance) raised my premium $120/month.  I walked out feeling like I’ve just got my ass handed to me by a car salesman but I looked at it as an investment, sorta.

My insurance man did have some great advice about death and situations and stuff. . I know you’re heard that it’s best to have a will.  That’s something that I really need to get off of my ass about.  I’ve always thought that a will is the be-all end-all to beneficiary paperwork.  He stated that a TRUST would probably be the best way to go because it tells when/how money is to be dispersed.  For instance, you can leave money to your kids only after they’ve completed a bachelors degree or a certain age or whatever. 

I think I might get creative with my $ to include that they either have to be maintain a certain liquid net worth, hold at least an associates degree (college isn’t for everybody), and or be a certain age.  I think 25 is a responsible age unless the beneficiaries are taught and have practiced financial responsibility at a young age.

Well there’s my take and hopefully it helps someone.

Note: i wasn’t able to install the w4g system on the Yukon this weekend. Hopefully I can get it done this week as I’m dieing to try it out.