Continuing the discussion from Life Insurance: some helpful comments but nothing to explain what a first time life insurance buyer should be looking for.
My partner and I are both in our ahem mid(ish) 20s, still young (at least in the physical sense. Mentally I’m a grumpy old man already). We’re are expecting our first child in December. The 29th. So probably Christmas…
Life insurance is definitely something we should be thinking about. But what do we get?
What type of policy? Do we get critical illness cover? What should we set the payout as? How long should the term be? What is a sensible amount to expect to pay?
We don’t yet have a mortgage so I know we don’t have to worry about that being covered at the very least.
I have searched high and low but the only “guide” to buying life insurance don’t really explain a lot.