How to protect myself financially?

[whatscuterthanasleepingbaby]

Got a DP and DS, hope for a second child before too long. I’m PT following DS arrival. DP has FT job and second home rented out. We own a home together with mortgage.

As we are not married I feel I need some sort of back up plan for DP dying unexpectedly or leaving me.
I couldn’t afford to keep the house and kid(s) going on my PT wage, and I actually doubt I could even if I went FT.

Is buying life and critical illness insurance is my best bet for him dying?

Is there a way to protect myself financially if he leaves me? (Hopefully he won’t but I am trying to be practical and responsible!)

Make it a condition of having another child (assuming your dp wants another child too) that you get married before starting ttc.

Doesn't need to cost any more than a quick trip to the registry office.

You should be looking at life insurance on both of you as he couldn't manage without the childcare fees saving that you contribute by looking after your ds on the days that he works just as much as you couldn't manage without his financial support.

You need to get married before the next baby

We have insurance that will pay off the mortgage if one of us dies. Thats a good idea even if you are married

Life assurance larger than your outstanding mortgage would be good. We have a joint policy.

How about you don’t have another kid and work more hours? Or the DP you want HIM to go part time and you’ll go full time?

@catontherun if my now wife would’ve said that before our second child I’d still only have 1 not the 2 I actually have and I still wouldn’t be married.

Thank you all for your replies. My eyes are open to the reality of the situation. Wishing you all a happy weekend