I remember it like it was yesterday, even though it happened eight long years ago. Having just celebrated my baby shower – and my 30th birthday – I sprawled out in the family room, staring up at the ceiling.
“We’ll need a will,” I called out to my husband, “and an RESP…. and life insurance,” I finished, mentally listing all the things I knew I had to figure out in anticipation of our first child.
“And we’ll get to it,” he assured me, one eye on the baseball game.
That night, I lay awake in bed thinking about worst case scenarios. I chastised myself for worrying about things that were unlikely to happen, but nevertheless, my feeling of unease grew throughout the night as I tossed and turned in bed. The next morning, unwilling to put it off a moment longer, I made several appointments to get my affairs in order before our baby arrived. A will was drafted; an RESP was created; life insurance was purchased. I felt ready for the birth of our child.
(But, ready for motherhood? Never. That’s a whole other story!)
Significant milestones, like the birth of a baby, are the perfect time to re-evaluate your financial and insurance options. When one is anticipating life, I know it can be difficult to think about anything else. However, in the past few years alone, the passing of a few friends has been a grim reminder of how precious life is… and how life goes on, for children, spouses and even parents. …