Having a Baby? Get Ready to Spend Money on Insurance!

February 15, 2007

There are many different life events that require you to spend more money. I was reminded today of one big expense that often comes with change, buying more insurance.

Baby Bills
Having a baby adds all kinds of expenses you never dreamed of before becoming “responsible”. One of these is the need for more insurance. We just had a kid and are actually responsible for a little person now, I know, kind of scary! To help watch over his best interests we signed up for short-term disability insurance to pay the baby bills just in case one of us suddenly can’t work for some reason. The policy will provide supplemental income for six months to help get us through any unexpected medical emergencies.

Life Insurance
We also added life insurance through my employer to cover the costs for our little one in case his parents vanish from the face of the earth. I still need to do more research on term and whole life policies to determine what’s in the best interest of our family long term but for now we’re covered through work.

Worth Every Penny
Although the extra insurance premiums add up it’s worth it to know the family will be covered in the event I’m not able to take care of them in the future. I just never knew being responsible was going to be so expensive! 🙂


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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5 Responses to Having a Baby? Get Ready to Spend Money on Insurance!

  • kurt jarcik

    Easystm.com will give Coverage of short term health insurance as early as the next day… just a few simple medical questions to answer. Best of all, you can choose to receive your policy electronically!

  • Moneymonk

    Luckily, I have disability ( short and long term through my job) but I know what u mean.

  • moneysmartz

    Bryan, congratulations! I hope it goes well. Are you going to find out boy/girl or be surprised?

  • Bryan C. Fleming

    We’re having our first baby in two months. I feel your pain! LOL

    – Bryan


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