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I have heard that life insurance is something they look at in the homestudy process.
Does anyone know what the average amount they want each potential adoptive parent to have is?
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You'd have to ask your agency if there is a requirement. From a financial perspective though, a good rough estimate is 10x your income. Stay at home moms should also have life insurance. My DH and I both have 10x his income (I'm a stay at home mom). That way we are both completely taken care of - and so are the kids - if something happens.
My dad died in a farming accident when I was 2 and my brother was 4. My mom struggled. Life insurance has always been non-negotiable for DH and I.
Buy term life insurance, whole life is a rip off!!
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