Dear Mary: My question is about life insurance. My wife believes that I need life insurance because I am the sole breadwinner in the family and we have a baby daughter.
I am not sure it is important right now, as we just bought our first house. Our financial situation is very tight, and we will be having a lot of minor improvements on the house to make it livable. I believe the situation of her mother being killed in a tragic car accident has made insurance more important to her now than it was before. What is your advice on having life insurance, and what kind is best? Thank you, and keep on being cheap!—Jim
