After having a talk with someone close in my family, I was shocked to hear that she didn’t have life insurance. I don’t know what shocked me the most, the fact that she didn’t have it or for the crazy reason she claims she don’t need it. Her reasons seemed odd and very uneducated. Her exact word was “I don’t want anybody getting rich off my death”. At that point I was lost for words. If you know me you know that’s very unusual. However, after thinking in my head what I should say next without sounding totally blunt, I ask her how does she expect her last expenses to be paid like her funereal. She then started telling me that her Social Security check only covers the basics, leaving no money left for life insurance if she wanted it. She also said that they do pay a one-time death benefit. I really didn’t want to get in more details because I felt my whole mood changing. This was bringing me back to when my grandmother died. She did get a one-time death benefit but if I am not mistaken it was only like 250 something. Luckily she did have life insurance which covered her all her expenses. Many people would actually be shocked to know that cost it takes to burry someone these days. One must learn about how a dynasty trust works within an estate plan and is helpful for the people in such circumstances.
My negative thoughts I just had seemed to change. When I was working in the medical field I used to hear a lot of these stories from our elderly patients. It’s just breaks my heart. I started thinking about my own parents. They are getting up in age and insurance is something we really haven’t talked about. I mean I don’t want to make money off their death and hate that people even think like that when it comes to life insurance. I just want to make sure I don’t have to put my own family in financial strain if they don’t have insurance or the money to cover those last expenses. I started looking online and found AptusInsurance.com. I was able to get online quotes and learn more about Term VS Whole life. I really think that they just need term. However I have heard other’s say its best to go with whole. Since getting the quotes and talking to my parents, I am happy to report that they already had Life insurance. This sounds crazy but I was going to get them life insurance and just pay the monthly payments. I know we have life insurance for ourselves and kids. People seem to look down on having life insurance on children but they, clearly are not looking at the big picture.
SO DO YOU HAVE LIFE INSURANCE?
