One of the things I am planning to get for Ramil and me are life insurance coverage, even if we only get term life insurance. Having worked in the insurance industry before, I know how important it is to have yourself covered. Now that we have Mateo with us, I feel the importance all the more. We would want to be sure that Mateo will be taken care of if something bad happens to us. Hopefully, we’d be able to get ourselves covered by next year. I just need to save more and to budget it.
Term life insurance isn’t really necessary until you get older or if you are a single parent that needs to help out their child in the event of your death. I would get rid of the plan until you get older otherwise.