life insurance - Page 3

Anonymous032819 · ‎03-29-2019

I have a 28 year old co-worker, who is single, and he has mentioned that he has life insurance.

The Sky looks different when you have someone you love up there.

occasionalrain · ‎03-10-2010

More people are choosing a child free lifestyle and a career.

So if, instead of spending 200 a month on life insurance, they invested that 200, no one would have to die to benefit from that money. Insurance is a for profit business, something to consider.

Mary Bailey · ‎03-09-2010

I didn't read the replies.

My Dad sold life insurance. We bought whole life for ourselves, our sons and our grandchildren.

MarieIG · ‎03-10-2010

The only young person I asked about having life insurance, was my son in the military. I got after him when his wife got pregnant to increase his insurance and he did.

My husband has term life insurance which we will discontinue when I turn 65. Certainly I thing it is a good idea for parents to have a term policy until their kids get through school

Do the math.

Drythe · ‎07-09-2011

@Mom2Dogs wrote:
People that depend on the govenment (WHEN THEY CAN WORK) are a detriment to our society.

Yes, they should have term insurance, it is not expensive....a lot of people live beyond their means and if one spouse dies the other is left with massive debt and the loss of an income.

@Mom2Dogs

You do realize that people can not work after death.

And then there is inflation. The amount left a loved one today to cover college, may not even cover one year in 15 years.

"Animals are not my whole world, but they have made my world whole" ~ Roger Caras

Mom2Dogs · ‎03-09-2010

@Drythe wrote:
@Mom2Dogs wrote:
People that depend on the govenment (WHEN THEY CAN WORK) are a detriment to our society.

Yes, they should have term insurance, it is not expensive....a lot of people live beyond their means and if one spouse dies the other is left with massive debt and the loss of an income.
@Mom2Dogs

You do realize that people can not work after death.

And then there is inflation. The amount left a loved one today to cover college, may not even cover one year in 15 years.

Really? I don't really understand your comment. If you have a family, buy life insurance, every little bit helps and term insurance is not expensive.

songbird · ‎03-21-2010

@Bri369 wrote:
@occasionalrain wrote:
I don't think it prudent to be worth more to someone dead than alive.

Another consideration, if you are the beneficiary and the insured in murdered, you become the prime suspect.
I care to think of it as not burdening them with debt.

No one is worth more dead. That's very sinister.

If the deceased is fairly young, well it's obvious they take a hard look at you. I remember a long time ago. I was just married, barely 22 and we decided to take out life insurance. While talking to the salesman, I asked if someone had taken out life insurance and a person would be dead a few days later, etc. He said he had one experience. It was a young couple. Right after it came in effect, one of couple was killed. I think it was like days later. It took quite a while, because it had to be determined if it was an accident. People that kill for the insurance & are convicted, have to return or repay. Or in some cases, the children of the convicted receive it.

Abrowneyegirl · ‎03-15-2010

@occasionalrain wrote:
More people are choosing a child free lifestyle and a career.
So if, instead of spending 200 a month on life insurance, they invested that 200, no one would have to die to benefit from that money. Insurance is a for profit business, something to consider.

I agree 100%, in this case, there is no need for insurance invest the money yourself.

I work with a woman who has 4 very young children all under the age of 5. She works PT her husband is the breadwinner.

She thinks she is in great shape because her husband's job provides 1/2 million in life insurance. So between that and gov assistance, they will be fine...... I say nothing.

CelticCrafter · ‎03-09-2010

@Abrowneyegirl wrote:
@occasionalrain wrote:
More people are choosing a child free lifestyle and a career.
So if, instead of spending 200 a month on life insurance, they invested that 200, no one would have to die to benefit from that money. Insurance is a for profit business, something to consider.
I agree 100%, in this case, there is no need for insurance invest the money yourself.

I work with a woman who has 4 very young children all under the age of 5. She works PT her husband is the breadwinner.
She thinks she is in great shape because her husband's job provides 1/2 million in life insurance. So between that and gov assistance, they will be fine...... I say nothing.

Most of us know a half million won't go far with that many kids, especially if they go to college and survivor benefits don't last forever either.