Open Enrollment, Life Insurance and My Will
It’s time for open enrollment at Mr. G’s workplace. I spent an hour trying to figure out how much we might spend on healthcare and childcare next year so that we could contribute the appropriate amount to the Flexible Spending Accounts (FSA’s). Life insurance is a no brainer, we get the maximum for him and the maximum for me. It’s less than $10 a month and it’s not a whole lot of insurance, but it’s something.
This year I noticed something different on the life insurance options. Take a look for yourself.
The options are as follows:
- Employee only
- Employee + Spouse with the spouse at 50% coverage
- Employee + Spouse with the spouse at 100% coverage
- Employee + Children
- Employee + Family with the spouse at 50% coverage
- Employee + Family with the spouse at 100% coverage
So I had a little freak out. Because who buys life insurance for children? How would $25,000 help me if something happened to one of my kids? I’d be too busy launching myself off a cliff. I know there are those whole life policies that provide a little savings account… but the thought of it was gruesome. If something happens to Mr. G the kids and will need a shit ton of cash because he does everything here. Everything. If something happened to me Mr. G would have to work very differently and hire someone to replace me. That all makes sense and for a few dollars a month I’ll buy some insurance.
When I thought about possibly clicking the column that would insure the kids I became physically ill. It’s just not something I could insure. Crazy?
Also, I’m off to Mexico tomorrow, specifically Puerto Vallarta. I wasn’t able to get K&R insurance, but I’ve promised my mother I won’t die. I also didn’t update my will. But Mom I’m pretty sure blogs are legal documents so if the plane drops out of the sky please make sure everyone knows that we want my brother to raise the kids. There’s plenty of life insurance and he can have my house. Just make sure no one wears their shoes upstairs, because I’d spin like a rotisserie chicken if my kids were being raised like that.