If something were to happen to you tomorrow, are you insured?  If so, for how much?

One of the biggest expenses that each one has—as well as their biggest assets—is their house.  It is probably the most expensive thing you will ever buy, and the thing that you will pay on the longest.

Do you think about the cost of your house when planning how much money you should have in case you die?  Do you have some sort of universal life insurance that would cover the cost of your mortgage.

A good deal of my life insurance was through my place of employment—they would match 6 times my annual salary should I die—and now that policy will no longer be in effect.  I was counting on that amount to cover my mortgage, though I’m pretty sure my wife would sell.

I know that my parents had that kind of policy on their mortgage (can you believe they bought their house in the $20,000 range?) and my mom told me that if ever anything happened to my dad she’d be ok.

What kinds of preparations do you do for the unexpected?  Do you have this kind of insurance, and, if not, why not?