How have you planned for the three D's?

iVillage Member
Registered: 03-31-2003
How have you planned for the three D's?
41
Fri, 11-09-2007 - 4:45pm

Death, Divorce and Disability.


I have to admit, fear of any of the above happening to my DH has kept me in the workforce to some degree.


We don't have a ton of life insurance due to some health history nor do we qualify for most standard policies.


So keep my skills up to earn a decent salary has been important to me because of that.



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iVillage Member
Registered: 08-29-2002
Fri, 11-09-2007 - 4:57pm

The three D's are big reasons why I got myself back in the workforce as soon as I could (I was a SAHM for 6 years). Dh has faced cancer twice in the last 10 years, so death and disability are definitely big worries for us. We have as much life insurance as posible for each of us (not enough on dh for my level of comfort, but more isn't possible under the circumstances). We are both covered in case of disability and we both have extensive unemployment insurance.

Divorce would be the hardest, but I could survive reasonably well on my own salary at this point. It was very important for me to get to that point as quickly as possible.

iVillage Member
Registered: 08-14-2007
Fri, 11-09-2007 - 5:56pm
Yes, yes (BTDT) and yes.
iVillage Member
Registered: 10-24-2007
Fri, 11-09-2007 - 5:57pm

All covered by husband's job/the law (child support/alimony in the case of divorce), with the exception of my own disability, for which I have a policy which would pay for childcare if I was disabled but not dead.


I think divorce would be the worst of the three financially for myself and my daughter, but I truly would not have had a child if I wasn't relatively sure that we wouldn't get divorced.

iVillage Member
Registered: 07-26-2007
Fri, 11-09-2007 - 7:34pm
I'm not terribly worried about divorce, since I've never married. I just finished 2 months of disability (100% covered) and if I die, my life insurance gives my son enough money to buy out my ex's equity in the condo and pay off the mortgage, as well as go back to school if he wants.

~~~~~~~~~

Kitty

"Armour.com also has some wonderful tips for emergency preparedness, which include laying in a big supply of canned meat products. When the end comes, you can ponder whether you've been eating the Four Horses of the Apocalypse."--Moon.Pie.Zappa


Click on the Virginia Rescue Center and search for Roxey, VA5165

~~~~~~~~~

Kitty

"BTW, I hate Lifetime. Their movies will suck you in and all of a sudden you've watched 3 in a row, used every tissue in t

Avatar for mkatherine
iVillage Member
Registered: 03-27-2003
Fri, 11-09-2007 - 9:49pm

Yes (life insurance for Liza)
Yes (divorced 3 1/2 years now)
Yes (two disability policies)

"If gay Americans are not allowed to get married and have all the benefits that American citizens are entitled to by the Bill of Rights, they should get one hell of a tax break. That is my opinion,"

- Jeane "Dear Abby" Phillips, in an interview with Lisa Leff.

 

Yes. We. Did.

Avatar for myshkamouse
iVillage Member
Registered: 03-26-2003
Fri, 11-09-2007 - 9:49pm
Yes to a large degree. Divorce, I'd be fine financially as I
iVillage Member
Registered: 09-04-1997
Fri, 11-09-2007 - 9:54pm
As much as one can be, really...thinking about disability, if even people with the resources of Christopher Reeves had begun to feel financial pinches, I don't think most of the rest of us can say we are fully prepared for a long-term disability...and divorce, if we were to remain civil, would leave us all in a reasonable financial position. Death, ironically enough, would be the easiest to deal with financially.
Avatar for mkatherine
iVillage Member
Registered: 03-27-2003
Fri, 11-09-2007 - 9:56pm

I probably had the most civil divorce in history -- and it definitely caused downward financial mobility for both of us -- it was the right thing but man oh man it's hard financially at times.

I agree -- death? that's an easy one -- I won't be here to worry about it LOL!

"If gay Americans are not allowed to get married and have all the benefits that American citizens are entitled to by the Bill of Rights, they should get one hell of a tax break. That is my opinion,"

- Jeane "Dear Abby" Phillips, in an interview with Lisa Leff.

 

Yes. We. Did.

iVillage Member
Registered: 12-06-2004
Fri, 11-09-2007 - 11:15pm
My kids will be well set if I died.

iVillage Member
Registered: 07-25-2006
Fri, 11-09-2007 - 11:20pm

Oddly enough my DH and I talked about that in depth last night. Mostly because in thinking if he died in a car accident on the way home that day I would not know where he wants to be buried. He knows what I want but I had no clue what he wanted.

In death his work has life insurance and on top of that I believe we have extra. I would sell the house and get a fairly pretty penny from that then I would take all of it and invest granted I could not live the way I do now but plans have been made.








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