Having a kid is one reason many people get life insurance. But increasing your coverage after a second or third child isn't always necessary.
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.buy life insuranceWe chose to buy term and whole life policies for each of us — a total value of $2 million at a cost of $580 per month — which would cover things like college tuition and our mortgage if one of us died unexpectedly.
Policygenius can help you compare life insurance policies to find the right coverage for you, at the right price »
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