We are in the new house and despite a bad present called “hand, foot and mouth disease” and basement flooding, life has truly become easier. I get to wake up in this clean, fresh space, and it feels so good (click through to see more). But that’s not what this post is about.
A couple of months ago Haven Life — a modern life insurance agency that has created a simple, straightforward and entirely online way to protect your loved ones — reached out about sponsoring a post. Brady threw the idea out to me expecting a rejection, but much to his surprise I said YES after just 5 minutes on their site. Listen, I’m not an insurance salesman, nor do you want me to be, but when a product or service really, really stands out as game changing to my life (and hopefully yours), then I figure it is a blog post worth writing.
Of course, talking about life insurance without some photos seemed quite dull (I know you guys well), so I’ll show you some of the first days of us in the new house, in our new life, and tell you why life insurance is so valuable and important to me. Simultaneously, you’ll find out why I loved Haven Life’s extremely easy and entirely online approach to offering a type of insurance that’s so important to many of us. If Haven Life had insurance agents (which they don’t because it’s all online), I’m pretty sure they could just hire me. I can sell this stuff because, even though life insurance is something no one really likes to talk about, it has brought so much calmness and joy to my life. So let’s get into it.
Brian and I have put off grown up things for a long time. I didn’t have a proper accountant ‘til 4 years ago, I didn’t have a daily or hourly billing system ‘til a year ago, and I didn’t have a retirement fund set up ‘til last year. We are both left brained, which doesn’t help, but also being so broke during our twenties conditioned us to avoid any un-required, adult-style expenses – even when they are nominal (and even if we can afford them now). Once we had kids, we KNEW that we needed to get life insurance to financially protect them should anything happen to me or Brian. But we didn’t know where to start with getting covered, and the process of buying a policy seemed daunting… so we just put it off for a while.
But, with a lack of responsible coverage looming over me, I started having anxiety, especially when I travelled without them. I feared the plane crashing, an intruder entering my hotel room, or you know, every other insanely irrational worry that you have when you are a mom (congrats!). It wasn’t the fear of death that kept me awake but what would happen to my family if I died. Brian has a job but supporting two kids + childcare + our current mortgage would be impossible. So we finally bucked up and got covered.
We are now life-insured. Those of you under 30 might have just fallen asleep, but perk up. This is relevant to your life (and if not right now, in the near future), and I have more house pictures to share!
So, who should get life insurance? Most people need life insurance if they have people who rely on them financially. That means you probably need life insurance if you: have kids or other financial dependents, have a partner who you share financial obligations with, have debts, like a mortgage, or other co-signed loans that would be left to your family to pay off, are a stay-at-home parent, or even if you don’t have enough savings to cover potential burial or final expenses. If you don’t have kids or any debt and are single, then life insurance probably isn’t necessary right now. If you are a stay-at-home parent and think ‘Well, I don’t bring home an income’ then think about how much childcare costs and whether or not your partner’s salary can support that.
Essentially, if your family would be highly burdened financially by your death, then life insurance is something worth seriously considering for the peace of mind alone.
That’s what I always thought about – how would they go on? The financial stress on top of the grief (assuming they would grieve over me A LOT) is more than I can bear even talking about. (fun fact: I have a letter to each of them on my laptop, emailed to a friend, just in case a tragedy occurs). So that’s why we bought life insurance and now, honestly, every time I fly by myself I feel so much more confidant and less anxious knowing I have minimized the potential stress on Brian and my kids.
So now that I’ve pretty much acted like an overbearing salesperson and guilted you into getting covered, you should know that there are many traditional ways of getting life insurance, but the process can be, well, complicated and long. When I got covered, it took a couple weeks, a lot of paperwork (that you have to like, print out and fax / email and stuff) and a medical exam you have to pass. Haven Life is now nationwide, so check it out because it’s WILDLY easier than the traditional process and very affordable. For example, a 20-year, $500, 000 Haven Term policy would cost a healthy 35 year-old woman about $19 per month. See how much it would cost you.
The process for applying is entirely online, and you find out instantly whether you’re approved for coverage. Added bonus: no exam is needed for many qualified, healthy applicants, depending on the truthfulness of the answers given in the application.
One of my initial questions to the Haven Life team was, since you are so new, are you a startup that is going to go under and then leave people without life insurance??!?! But no, they are backed by MassMutual, a more than 160-year-old life insurance company. So they have the innovative spirit of a young startup coupled with the backing of a company with serious experience and integrity.
So what about pricing? Well, I wanted to compare what we currently had with what they offer, so I logged in with a New York zip code (because when the post went live it wasn’t available in California yet, but is now live in California, yay!) and it was more affordable than my current plan at an estimated $57.67 a month for a 30-year, $1 million policy. Both Brian and I have 30-year, $1 million policies.Thirty years from now, our kids will be grown, and hopefully we’ll have paid off any debts, have 25 trillion dollars in our savings account, and organized our finances, so coverage will no longer be necessary – but the constant peace of mind is worth it.
When shopping for life insurance, you can choose term lengths that are 10, 15, 20 or 30 years, and you certainly don’t have to get $1 million dollars in coverage. In fact, a common rule of thumb, is to get coverage that’s 5 to 10 times your annual salary. If you’re not sure how much coverage you need, you can use a free, online life insurance calculator.
God, I do really sound like I’m trying to guilt you into it, I just have had friends who have passed away very young, with small kids, and it made what was already a horrifying situation, truly unbearable for the family.
Okay, enough about the negative stuff. You get it. Life insurance is a very good thing to have. Having it makes you feel confident, protected and like you are truly making decisions for your future and your kids. That is a VERY positive thing to do and something that does make us proud.
You’d think this post was about cat insurance by amount of cat cameos there are – cateos. They are LOVING/terrified by their new planet so much.
So that’s my spiel about life insurance and how we finally feel like true, responsible parents because we have it. I highly encourage you to think about it and if you are going to pull the trigger, then consider saving some time/frustrations of the traditional way (because we all know buying online is better) and look into Haven Life. They’ve really changed the standard for how you should buy life insurance.
Those kids. Man. I cry just thinking about anything happening ever. I’m notoriously ‘quick to weep’ as Brian puts it. So if I can have one less reason to weep I’ll take it. And I do. I honestly don’t care how you get life insurance, just get it. And if you want my personal recommendation on a particular life insurance you have it in Haven Life. Get it – you won’t regret it. Life is short (and long). Have fun, snuggle those kids and be safe.
***Thanks for supporting Haven Life and our other sponsors, who allow us to bring original content to you everyday. Although the post was sponsored by them, all opinions and ramblings are my own.
Haven Term is a Term Life Insurance Policy (DTC, ICC14DTC) issued by Massachusetts Mutual Life Insurance Company (MassMutual), Springfield, MA 01111 and offered exclusively through Haven Life Insurance Agency, LLC