Life Insurance anyone?
By ctryhnny
@ctryhnny (3460)
United States
December 6, 2012 5:50am CST
I"m 65 years old and have quite a few medical problems. Four years ago I had quite a scare and decided it was time to buy life insurance. I did a lot of shopping around and since one of my problems is COPD I could not get a lot of coverage. I have 2 small policies that sould cover my last wishes. I want to be creamated, no wake unless my kids demand it and if they do I want it to be a private viewing...just family. I don't want an urn just let the kids have the ashes which means no plot at a cemetary. I'm hoping when all is done and said there will be something left for my 3 kids to share from the policies. Do you have life insurance? Do you think your covered pretty well?
2 people like this
5 responses
@Mavic123456 (21893)
• Thailand
6 Dec 12
No i don't have though our social security services, will pay for me. I have made a good contributions there. But I have given some instructions to my sisters too. I told them to cremate me when I die, and the next one who die after me, shall keep my ash from her grave. LOL, though we invested our resting place already, I just don't like to be buried..I am scared of closed and dark places. I am claustrophobic. I might not be able to breathe. 
@Mavic123456 (21893)
• Thailand
6 Dec 12
yes, as I do, I am hot anyway, so I will be okay with fire.
@Kashmeresmycat (6369)
• United States
6 Dec 12
Yes, I have Term life insurance and just took it out this year. I'm paying quite a bit for it but it should cover everything I hope and leave something for them to split among themselves.
I will also be cremated so it will be less expensive, no wake. I told my kids to have a party and have the relatives and friends come over. I do not want my kids to go through the sadness of a wake and greeting people and standing there and seeing all the flowers and all that stuff. It's just too sad.
@ctryhnny (3460)
• United States
6 Dec 12
I feel exactly the same way. I would rather my kids have a party than sit staring at a coffin with their mother in it. I don't want them to spend time listening to people say 'she's in a better place now'. That's one thing I hate about wakes so I never say it if I go to one. I just say I'm sorry for your loss. They don't need to hear their loved one is in a better place because the better place is here on earth with their loved ones.
@Sreekala (34312)
• India
6 Dec 12
It would be better one can take the insurance policy at an early age so that it would come to their rescue at the time of retirement. There are so many policies available to make the life safe. When our age is high we have to pay high premium otherwise any one can take policies at any age.
For me, I have a policy with my name, I have taken the policy before marriage. My policy will be maturing next year. My hubby also has a policy and now we have taken policy in the name of kids too. Now we are working and we can give better education to them and this is a bonus for them in the form of an investment.
@fortknox75 (842)
• Philippines
7 Dec 12
Thanks for starting this discussion! You reminded me that I need to buy a life insurance as well. I have some pension plans for retirement, but don't have any life insurance yet. I guess insurance such as these are necessary if you can afford it to help ourselves and loved ones relieve from financial needs in the future.
@apoota888 (51)
• United Arab Emirates
6 Dec 12
Used to have insurances before but after 5 years of paying, my finances encountered an ebb therefore forfeited more than half of my previous payments. Even then I know that my family was not covered well enough.
Now that I'm slowly recovering my financial grounds, I will eventually save some money and buy back all the insurances I had lost and buy additional ones. Getting old is definite so it is better that we are prepared or otherwise, suffer the consequence.
