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Old 06-13-2007, 04:12 PM   #14
Slava
Franchise Player
 
Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by ken0042 View Post
Good advice Slava.

It's also good to note that different insurance products are better suited for different people. My sister almost flipped on me when I told her I didn't have mortgage insurance, but then I reminded her that if I were to die it wouldn't matter as I am single, and have nobody depending on me. The bottom line is my parents would still get 6 figures from selling my house and keeping the excess for themselves.

However I have maxed out my disability/illness insurance. Because let's say I become paralized or something, there is nobody to care for me if I can't work. In a married situation; although you may count on two paycheques, it is possible to scrape by with just one.
That bolded statement is bang on!
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