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Thank you all, I was on the fence but now with your advice I am sure I want the peace of mind for my family. I don't want them to be in poverty if something happens to me. I was shocked to find out that my chronic condition increases the typical cost at $400 a year to $1200 a year for someone my age. My company's life insurance is very inexpensive. I get 1 year of salary free and buying 3 years of salary at $20 a month. The only drawback is that you can't take it with you.
Jotuker99, I understand your concerns and actually thought about it a lot before deciding to marry my fiance. My ex has good income so I didn't have to support her. If I am unlucky enough, next time won't be the case. My fiance is young and never married before so I can't drag her along like a divorced woman with kids. Of course, she wants marriage. I am willing to take the risks.
It's a good deal for you since you have health issues. I took out a million dollar policy when I was 38. I am healthy, and pay about 650 per year.
You should have a policy that covers your salary for ten years, unless your wife doesn't count on your salary. I hear it all the time on a certain financial radio show, at least once a week someone calls up because their spouse died, no insurance and they become financially screwed. Take care of your family dude. Especially if you are going to have children with her. Best wishes!
Thank you all, I was on the fence but now with your advice I am sure I want the peace of mind for my family. I don't want them to be in poverty if something happens to me. I was shocked to find out that my chronic condition increases the typical cost at $400 a year to $1200 a year for someone my age. My company's life insurance is very inexpensive. I get 1 year of salary free and buying 3 years of salary at $20 a month. The only drawback is that you can't take it with you.
Jotuker99, I understand your concerns and actually thought about it a lot before deciding to marry my fiance. My ex has good income so I didn't have to support her. If I am unlucky enough, next time won't be the case. My fiance is young and never married before so I can't drag her along like a divorced woman with kids. Of course, she wants marriage. I am willing to take the risks.
Jimmy,
Don't let them shame you into signing up for a a very inefficient contract (a marriage license), that benefits YOU none and benefits THEM 100%. If you have some time, could you just READ over this Forum for a minute?
You can start with that thread but scroll through the Forum to learn how guys just like YOU end up getting screwed over. Oh btw, the guys on that Forum, their women "pressured" them into getting married as well and of course the guys fell for it because society has programmed us to believe in the "quality woman" "she's my soulmate" myth.
There's no such thing as a soul mate and I'm telling you buddy, with you at $120k and she at $30k a year, you are setting yourself up for LIFETIME ALIMONY. That chick will stay married to you for 5-10 years, get her lifetime alimony, and use your money to take care of her loser, drop-out, convicted felon boyfriends. Trust me, just do your research on what's going on out here, I'm willing to bet that this is this chick's plan.
Don't let them shame you into signing up for a a very inefficient contract (a marriage license), that benefits YOU none and benefits THEM 100%. If you have some time, could you just READ over this Forum for a minute?
You can start with that thread but scroll through the Forum to learn how guys just like YOU end up getting screwed over. Oh btw, the guys on that Forum, their women "pressured" them into getting married as well and of course the guys fell for it because society has programmed us to believe in the "quality woman" "she's my soulmate" myth.
There's no such thing as a soul mate and I'm telling you buddy, with you at $120k and she at $30k a year, you are setting yourself up for LIFETIME ALIMONY. That chick will stay married to you for 5-10 years, get her lifetime alimony, and use your money to take care of her loser, drop-out, convicted felon boyfriends. Trust me, just do your research on what's going on out here, I'm willing to bet that this is this chick's plan.
There's a bunch of bitter posters on this thread. Unfortunately YOU GUYS made a bad choice in a mate. I do believe marriage is a contract. But YOU agree to the terms and sign on the line. Back to the OG topic. Hubs and I have life insurance on each other. Like you, we waited until later in age and this affected our premiums. WE pay $85/ per month for me for a 500K policy and $80/month for my husband for a $250k policy. Mine is a 30 year and his is a 20 year. He also has a military pension which I will receive half of if I outlive him. When we finally purchased our policies, I didn't realize that life insurance is primarily for family members who count on your income. In 30 years our kids will have been long gone and that money won't be needed for child rearing. Since we are both working and contributing to the home it's in our best interest to work together as it should be.
The financial amount is a small part of the "problem". Make sure you do pre-marriage counseling, especially if this is your second marriage and her first. If one is a spender and one is a saver, this is more of a problem than the amount of money brought home every month. If you feel so inclined to support your family as the head of household. Good on you. And its a shame that men have been emasculated to not want to the responsibility to be the provider. When we were first married, I out earned him but now his income more than doubles mine.
In my job, I see many old men whose wives are their caregivers. I also see men who don't have anyone to take care of them. Just know that while your wife isn't bringing home the big bucks, she's raising your children and caring for you and your lineage. And it's a known fact that women out live men. Don't be a dumdum, choose wisely. There's more to a woman than big boobs and a smile.
There's a bunch of bitter posters on this thread. Unfortunately YOU GUYS made a bad choice in a mate. I do believe marriage is a contract. But YOU agree to the terms and sign on the line.
Jimmy, did you see what this person just said lol? I want to highlight this because this is how society operates.
- When I'm giving guys preventive maintenance by telling them to opt out of marriage, they call me (and guys who think like me) bitter whiners.
- But notice when they refer to the marriage ending, they blame the GUY by saying he just picked the wrong mate and should not have gotten married!
This is why you can't go by society's programming and expectations. There's no benefit for a guy to get married, especially in your situation. Please speak with an Attorney, tell them a guy named "jotucker" told you that you might be on the hook for significant alimony should the marriage end, and see what the Attorney tells you.
Thank you all, I was on the fence but now with your advice I am sure I want the peace of mind for my family. I don't want them to be in poverty if something happens to me. I was shocked to find out that my chronic condition increases the typical cost at $400 a year to $1200 a year for someone my age. My company's life insurance is very inexpensive. I get 1 year of salary free and buying 3 years of salary at $20 a month. The only drawback is that you can't take it with you.
Yes, in addition to the fact that 1-3 years of salary is awfully skimpy coverage for someone who intends to have more child(ren), the job flexibility matters too.
Quote:
Originally Posted by jimmy92683
Jotuker99, I understand your concerns and actually thought about it a lot before deciding to marry my fiance. My ex has good income so I didn't have to support her. If I am unlucky enough, next time won't be the case. My fiance is young and never married before so I can't drag her along like a divorced woman with kids. Of course, she wants marriage. I am willing to take the risks.
Jotucker has always been extremely anti-marriage and anti-parenting (if everyone thought like that, H. Sapiens would be extinct). You're fine.
[quote=jotucker99;40589596]Jimmy, did you see what this person just said lol? I want to highlight this because this is how society operates.
- But notice when they refer to the marriage ending, they blame the GUY by saying he just picked the wrong mate and should not have gotten married!
My bad. You do know that women have a choice in the matter too? And we have to do just as much due diligence in picking a partner as well. If you are anti-marriage fine but you shouldn't recommend to someone who has already DECIDED to marry to NOT get married based on YOUR experience.
OP - whats you plan for taking care of your family if you get killed in an accident and you don't have life insurance?
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