life insurance - Page 2
Page 2 of 6 FirstFirst 1234 ... LastLast
Results 11 to 20 of 53
Like Tree119Likes

Thread: life insurance



  1. #11
    Super Moderator
    Join Date
    May 2008
    Location
    JAX
    Posts
    11,204
    Member #
    5532
    Thanked
    25433 times
    Kinda in the same boat, taking out a business loan and the lender requires a policy to cover the loan which is just under a million. Should have the nurse out sometime next week to draw blood.

    Blessed are the flexible for they shall not be bent out of shape.

  2. #12
    Wrangler
    Join Date
    Jan 2019
    Location
    rural New York
    Posts
    255
    Member #
    141455
    Thanked
    620 times
    I'm with tranteruk on this. Pretty much the same scenario and it has worked well for my family. The only difference is that my wife and I want to be cremated, no stone or marker. Spread our ashes in the woods. There is enough $$ in the checking to cover that...

  3. #13
    Distinguished Master
    Join Date
    Sep 2009
    Location
    Dixie, the confederate states of america in woods of S.C.
    Posts
    7,160
    Member #
    11754
    Thanked
    26586 times
    oh we will be cremated, going the cheapest way! but I was just thinking about the first one of us to croak to leave the other a little more $$$,,,,,,,,,,,
    Golphin and jgriffin1988 like this.
    I have never harvested an animal but I have KILLED QUITE A FEW !

    I would rather have a gun in my hand than a cop on the phone,,,,,,,,,

  4. Remove Advertisements
    MarlinOwners.com
    Advertisements
     

  5. #14
    GFK
    GFK is offline
    Deadeye
    Join Date
    Oct 2016
    Location
    SE
    Posts
    674
    Member #
    78241
    Thanked
    885 times
    Quote Originally Posted by tranteruk View Post
    I am sorry for the loss of your parents.

    BTW like your avatar. Reminds me of an enquiry after a shooting I was told about. The legal bod asked the shooter what was going through his mind while actually shooting, the reply was 'Front sight, front sight, front sight'. No idea if true, but I like it.
    Thanks. And, that is what I try and keep in my mind: front sight, front sight, front sight.
    Texas Shooter and tranteruk like this.
    "One man's rights end where another man's rights begin." Dad

  6. #15
    GFK
    GFK is offline
    Deadeye
    Join Date
    Oct 2016
    Location
    SE
    Posts
    674
    Member #
    78241
    Thanked
    885 times
    Quote Originally Posted by OLSKOOL View Post
    . . . but I was just thinking about the first one of us to croak to leave the other a little more $$$,,,,,,,,,,,
    That is a thought. My wife reminds me of that. I don't worry about it as much. I figure that we should have enough income (together or on our own) to play with some toys. But, we do have a $25K policy (enforced to age 95 years, then pay cash payout of $25K~) for final expenses. Our debt should be at a minimal. Plus, we have some cash saved up. As long as we don't take trips around the world (may could do one), we should be fine. At this stage in life, the best thing seems to payoff debt and save.
    "One man's rights end where another man's rights begin." Dad

  7. #16
    Wrangler
    Join Date
    Jan 2019
    Location
    rural New York
    Posts
    255
    Member #
    141455
    Thanked
    620 times
    Quote Originally Posted by OLSKOOL View Post
    oh we will be cremated, going the cheapest way! but I was just thinking about the first one of us to croak to leave the other a little more $$$,,,,,,,,,,,
    I don't like to assume much of anything. Why would either one of you need a little more $$ unless there is barely enough right now. Perhaps this isn't the right time to retire. Kind of late in the game to play catch-up...
    turbobug and Texas Shooter like this.

  8. #17
    GFK
    GFK is offline
    Deadeye
    Join Date
    Oct 2016
    Location
    SE
    Posts
    674
    Member #
    78241
    Thanked
    885 times
    Quote Originally Posted by old wound View Post
    I don't like to assume much of anything. Why would either one of you need a little more $$ unless there is barely enough right now. Perhaps this isn't the right time to retire. Kind of late in the game to play catch-up...
    I can understand. Yes, early is better. But, late beats never. Some of us just get a late start on somethings. Only is our education system stress finance. If so, our Government may be able to live with a balanced budget.
    Texas Shooter likes this.
    "One man's rights end where another man's rights begin." Dad

  9. #18
    Contributing Member
    Join Date
    Dec 2013
    Location
    Micanopy, Florida
    Posts
    9,630
    Member #
    50056
    Thanked
    26421 times
    After 40 years in the insurance business I see and have seen more people at retirement age needing life insurance or more life insurance than those that don't. While everyone's situation is different many depend on both incomes even after retirement even if just social security. Life insurance can give them the money to pay off any debt or additional fund to live off of when they loose their spouse. There are other reasons as well such as the pension trap where you give up a large percentage of your retirement to guarantee your spouse will receive a part of your retirement in the case of your death. Life insurance can fill this need much better most times. I could go on and on with other reasons.

  10. #19
    Gunfighter
    Join Date
    Nov 2018
    Location
    North East USA
    Posts
    952
    Member #
    140045
    Thanked
    2273 times
    My wife and I decided not to get life insurance. We have $25K set aside in a savings account for this purpose. (aside from our retirement funds) We both plan to be roasted to dust so there isn't the expense of a casket (I wanted a coffin anyway)....and we're going with nothing more that a plaque as a marker and an urn on the mantle. No real-estate costs this way. Whatever is left over...well....we won't care what happens to it once we're both gone....that will be for the kids to decide.

    redhawk
    The only stupid question...is the unasked one.
    Be Alert....we need more lerts.
    Not all who wander....are lost.

    If more government is the answer, then it was a really stupid question. - Ronald Reagan

  11. #20
    Wrangler
    Join Date
    Jan 2019
    Location
    rural New York
    Posts
    255
    Member #
    141455
    Thanked
    620 times
    Just because our government can't do it (survive with a balanced budget) doesn't mean you can't. And yes, life insurance can fill the void, if you can afford it...
    Last edited by old wound; 07-30-2019 at 06:08 PM.


Page 2 of 6 FirstFirst 1234 ... LastLast

Home | Forum | Active Topics | What's New | Subscribed Threads

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •