Will, Living Will, and other legal documents for $11.70

[mandy_2002]

My company offers company paid life insurance (1X salary) and give the employees the opportunity to purchase employee paid insurance from 0.5X up to 8X salary.  I have no dependents and no debt, so I don't have a reason to get this, however there is a slightly hidden benefit.  If you get any self funded insurance, you get a Will, Living Will, Medical Power of Attorney, and Durable Power of Attorney prepared by a lawyer of your choosing from a network of Lawyers, or a check for their negotiated rate that you can use to pay for your personal lawyer to complete the documents.  (They tell you the check won't cover most lawyers fees for these documents, but if you're attached to the person, you can at least get a discount). 

I signed up for 0.5X life insurance which cost me $0.45 every 2 weeks.  I had to keep the coverage for a year, but it was worth it. 

The moral of the story, check out the lesser known benefits for your open enrollment choices.  It would be easy to miss the value in this option.

[NorCal]

That's a good deal.

My former company had a pre-paid legal insurance plan for ~$150/yr.  I'd normally never consider something like this, but we did it for one year to get a full Living Trust set up, along with the easier Will's and medical power of attorneys.  I ended up leaving this job three months into the year, so it only cost me about $50.

This is well worth looking into once you have significant assets or child care concerns.