The question goes back to: Will you be able to work a few weeks after your child’s death? If not, and if you don’t have enough money saved up, how are you going to support your other kids.

I agree that each case is unique. Each job, employer is unique. This is more of a “what if” post.

Maybe this theoretical scenario is that losing a child would force you to quit your job to mourn. In my field at least, this is career suicide. What good is that in the long-term, even if you have the money to do it?

Great Post! I have never been to your blog before, but you can bet I will be back!
I insure both of my children for $100,000 each. The policies also have guaranteed insurablilty riders for an additional $900,000. I figure if they were to lose their insurability, at least $1,000,000 of insurance would be available to them, but I only purchased $100,000. I pay the basic premium, and Grandma & Grandpa put in a few bucks every month. At the level we are fundning it, the policies should no longer require additional premiums by the tiome the kids are in lower elemementary school. Basically, I purchased the insurance with the expectation that my children will live long productive lives, and will be the ones to bury their father. Not vice-versa.

But I too have also thought “What If?”. I can not imagine the emotions of losing a child and think I would be a wreck. But I am also self employed and if I do not work, I have no income. Ryan, if I were to collect a benefit, it would not be blood money. It would be income replacement while my family and I properly grieve.