Sunday, December 11, 2011
We don't carry life insurance.
There, I have said it.
My husband had a professor who did not believe in life insurance.
Fortunately, while my husband served in the military, he was insured by the government.when he left the Army, we left insurance behind. He could not see it as something necessary. It has worked out so far.
Instead of insurance,we have worked hard to make sure that we have things paid off and we have savings. About three years ago I began to feel that his plan had worked. I still have concerns. He is older, but his family has a longer life span, in general, than mine.
Sometimes I get nervous. We lost several family members suddenly a few years ago. Something could always happen. I could be hurt by a collapse of military health care.
Still, I don't see us turning back now.
Do I recommend this plan to my children? No, quite the opposite. When asked, I tell them that both members of the family need insurance until children are long gone.