I am trying to compute my budget and now I am having second thoughts if I should go on with the application of my term life insurance. I was browsing through reliaquote.com and realized that having an insurance is indeed a good idea so I am telling myself to ignore the payments. The terms are not that high but still it would cut some substantial amount from our budget. Also, I just realized that the payments of the insurance for my husband, the little girl and mine (just in case I would avail it) would be in three succeeding months. Which means, I would have insurance payment every month.
I know it’s a big advantage to have an insurance. That’s why despite the expense and the uncertainty (because of all the rumors about pre need companies) I am still diligent in paying our premiums. But I know eventually we will be freed of the payment and we will be enjoying the rewards. The husband’s policy would be completed after two years, the little girl’s educational plan is on its second year. Don’t mind mine. hahaha. But once done with the husband’s payment I think I can pay mine in the full five years since I only got the cheapest package. That way I won’t need to think about quarterly payments anymore. Hopefully I can do that in the future.