Should we have life insurance?

We deliberated on this subject for a while a few years ago (prior to deciding yes).

Gavin didn't want it only b/c it meant one of us would be dead inorder to ever use it... doesn't like thinking about dying/being dead I guess.

I know some like to argue it's not trusting in God to have it and it's a waste of $$... here was my arguement:

Ours is actually very cheap. For our combined insurance of $300,000 we pay right at $200 a year... and that rate is locked in for another 8 years (started at 10 but we've had it for 2 years now).

That's way cheaper than car insurance! We have 3 cars and 2 of them only have liability and it costs $1200-$1300 a year! Still a waste of money if you never use it.

My other reason was... Gavin if you die I'll have to live with Grandma. I didn't see a reason in being a burden to anyone else if we could easily afford to have a little life insurance.

Other opinions?

Your reason is... its very cheap???

The drug ecstasy is only $5 a pill... thats cheap but that doesn't mean I'm going to use drugs.

Would you wanna leave your wife and kid with added debt? Its gonna cost a couple grand at the cheapest to either bury to burn you. Where is that money coming from? I think that everyone should atleast have enough Life Ins. to cover their burial costs. I mean...your already dealing with death, do you want to add debt to it too?
We have enough on me to cover paying off the house and my cremation. We have enough on Brandon to pay off the house, cremation and keeping Duncan and i from being a burden on others for atleast a few years. That was our goal. Because if something happened to Brandon and we DIDN'T have Ins...well...we'd have to sell our house, our cars and move in with someone. Thats just dumb!

Wouldn't it be wiser to invest the money you would be paying to LI instead. If you invest your money, then its actually your money.

How do you suggest i invest it? Its only $50 a month and it would never equal to the amount we have on ourselves. It would take forever investing $50 a month to get $750,000 and what happens if something happens to either of us in the meantime?

Also...if were gonna do that, why do we bother paying for Health, Car and Homeowners ins.? Maybe we should invest that too...
We pay $6,800 a year in health, car and home owners(this however is temporary, it should go down to $5,600 once we sell the two other cars we have)...i'm sure we could find something else to do with it...but what happens if something comes up before our investment puts out or before we can save up enough money?

I'm really interested in this because if there is any other way...i would like to know!

I think this is each individuals personal opinion and choice. I don't hitnk there is a right or wrong.
Cause you have good and bad on each side.
Like...God provides the money to pay for the Ins., so does that mean its ok to get?
Or, God will provide for us even if something does happen and we don't have Ins.
Or, God gives us the brains and the means to help ourselves.

There is ONLY Right or Wrong... there is no middle ground.

Quote:

God gives us the brains and the means to help ourselves.

Thats why we are so messed up... I blame it on the puss and blood!

_________________
I know a lot of people without brains who do an awful lot of talking. - The Wizard of Oz
. why do I try???????? - Lynelle
Brian the Grand master! - Gavin

Okay, so you say there IS a right or wrong with this...what is it?

Hehe... funny you ask the same question that Amanda asked at the very start. I believe the entire point of the post is to answer your question.

You made it sound like you knew it, and don't you think if there was an answer, we would already know?