GoFund me is not an option!
What is your plan?
You have a family and responsibilities. What is your plan to continue providing should something happen to you? Weather it be an accident that is life changing or a sudden death how would your family survive financially?
So often people state that they have life insurance or disability insurance through work but it normally is not enough and sometimes you lose it should you change jobs.
Life insurance and disability insurance does NOT need to be expensive. 99% of the time we can find an option within your budget. Any life insurance is better than none. Often you will meet with a insurance agent/broker and they will tell you very high numbers are needed.
That may be ideal, yes but honestly I would much rather you have some individual life insurance than none or only with your work.
For Example, a smaller $50,000 or $100,000 life policy acts as a financial safety net for end-of-life costs. If you were to pass away unexpectedly, the death benefit from these policies would help your family maintain their standard of living and pay bills at least for a while and not burden them more by having to pay for funeral costs/pay off debt.
A $100,000 10-year term life insurance policy costs an average of $7-10 per month, or $84 per year, for a 30-year-old, healthy nonsmoker. Buying life insurance at a younger age can reduce how much you pay for a $100,000 policy.