I reluctantly followed my father-in-law’s advice to purchase life insurance 23 years ago, but looking back my only regret is not buying a bigger policy
January 12, 2020 by Hannah Van Sickle
When I was 22, my boyfriend and I moved in together. I was delirious with joy at the idea of leaving my college roommates — and the grungy digs we called home — in favor of cohabiting with my main squeeze.
The whole experience made me giddy, until his father insisted we get renters’ insurance — and my boyfriend dutifully agreed.
But, despite my thinking the idea ridiculous, it turned out to be a savvy move: Not one year later, when a freak fire at the bakery downstairs gutted our place, I was relieved to have taken what I’d thought was archaic advice. The renters’ insurance saved us.
A handful of years later, after marrying that boyfriend and buying land together, my husband and I set out to build our dream house.
“Be sure to get life insurance” was my father-in-law’s sage advice. I rolled my eyes, quickly calculating our combined years coming in well below retirement age. “Enough to at least cover the balance on your mortgage should one of you die,” he added, causing my head to spin at the thought.
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