Even the basic is so expensive

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PostPosted: Sun Feb 03, 2008 6:40 am   Post subject: Even the basic is so expensive  

My father in-law died 2 years ago. He left my mother in-law well off. He was not a rich man.he was a factory worker till he retired and he raised cattle also. he worked himself to death I think.He dies the year after he retired. Dies of a heart failure out in the fields running cattle.He had it fixed so that when he died every bill he owed was paid for.Then he left her a huge policy besides. Now my hubby if he passed away tomorrow I would be in the poor house...lol No insurance at all to pay for anything.What does a person do when to have insurance Even the basic is so expensive it is a choice between feeding the kids and having insurance?

hummingbird
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PostPosted: Sun Feb 03, 2008 10:28 am   Post subject:   

Your father inlaw probably took out the option to have the insurances on his bills also, sounds like he was a smart man, she is lucky to have a man be so organized.

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PostPosted: Mon Feb 04, 2008 7:21 am   Post subject: similar things may work for you..  

Quote:
Now my hubby if he passed away tomorrow I would be in the poor house...lol No insurance at all to pay for anything.


A very true household picture for many like us!

I have a friend, who has opted for a family benefits program offered by her credit card company. The company is just charging worth $7 a month for the purchase-benefit program that helps controlling her regular purchases. Later on, I've hard that she's been offered with a health program by the same company which is worth $14.95 only! (I say 'only' since this time it is an annual pay cycle). Why don't you try searching for such programs!

Do keep in touch, Brenda_livelife

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PostPosted: Mon Feb 04, 2008 7:24 am   Post subject: how abt term life ??  

My dear, if I'd been on your situation, I'd have gone for a term life policy! I pay premiums for all those years that I can & that too a lower one, isn't it!

goodluck,

Blindnfolded


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PostPosted: Mon Feb 04, 2008 7:41 am   Post subject:   

Quote:
Your father inlaw probably took out the option to have the insurances on his bills also, sounds like he was a smart man, she is lucky to have a man be so organized.




I agree Smile a pretty smart move by your father-in-law.



The premium rates have gone up over the years, hence, when your father-in-law had taken out his policies the rates were not as high as they are now. Moreover, I feel that he had planed things pretty smartly as according to you he wasn't a wealthy man either. It's also to keep in mind that their lifestyle was also much simpler than that of ours.

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PostPosted: Tue Feb 05, 2008 1:31 am   Post subject:   

yes, My mother in-law did lots of canning and was a wiser of sorts.Still is to some degree. She does a lot of sewing and has worked most of her life .A very skilled person she is.

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PostPosted: Sun Feb 17, 2008 9:21 pm   Post subject: rates life insurance  

Hummingbird,



I do know what you are talking about when you say either or eat or pay insurance. But you have to ask one question -- If your husband passes away tonight -- Where will you live, what will you eat tomorrow?



If you want you can contact me at mdonaldson[at]insurer.com and I can look at some rates that you and your husband can afford, I can also show you an opportunity that will help pay your bills -- I know you have kids -- I have 4 and a husband that is disabled -- I am the taxi cab, med driver and mom and dad in one... I can do it and so can you!!



Email edited - Evan


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PostPosted: Sun Feb 17, 2008 9:51 pm   Post subject:   

Quote:
I can also show you an opportunity that will help pay your bills


Please elaborate by providing complete details. IE..Name of company and specifically the nature, objectives and outline of this "opportunity."



I'm not trying to be abrasive...but it is important that readers of this Forum be very weary of certain types of offers.
OhioHealthInsurance
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PostPosted: Mon Feb 18, 2008 3:45 am   Post subject:   

Quote:
No insurance at all to pay for anything.What does a person do when to have insurance Even the basic is so expensive it is a choice between feeding the kids and having insurance?





What do you consider basic to be? Your mortgage, college, general living expenses, etc., etc.?



I don't know your families finances so please do not take this wrong way. Find a way to obtain some sort of life insurance policy on your husband before something happens. You can go the cheaper route (depends on the carrier) and obtain a term insurance product after a paramed has been completed OR you can opt for a non-paramed product. Just make sure the company you choose is financially sound.



I take health, disability, life and LTC insurance very seriously as some of my closest family members have had their lives changed due to lacking one of the aforementioned products. I rate the importance of insurance in this order and recommend you get on the ball and conduct some research. to see what options you have.



1) Health insurance

2) Accident insurance

3) Disability insurance

4) Critical Illness

5) Life Insurance



Most people only have one type of insurance if you read the stats on the internet and in various publications. Although there's nothing wrong with not buying other types of insurance, it's important to realize that the sacrifice you make now could help you down the road. Term insurance is ungodly cheap these days, and besides getting into a BTID debate, I believe it's better to have something in place than nothing.



I have no business relationships with the first two links, although I do sell (it's not my link) Fidelity Life when warranted.



http://www.term4sale.com/ (Quotes on Term products)



http://www.life-line.org/build/insurance_needs_calculator/index.php?pt =lfinc&m=1 (Online life insurance estimator)



https://sec.fidelitylife.com/Quote/ (cheapest non-paramed product on the market I've come across to date)



There is no question that feeding the family is more important than insurance. Instead of finding ways not to buy, if obtaining life insurance is important to you and your husband find a way to make it work.



Links deactivated as per forum rules
salpro22
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PostPosted: Wed Feb 20, 2008 4:16 am   Post subject:   

Policies can be had fairly cheap after a little searching. If $15-$20 a month is the difference between feeding your children or protecting their future, feed them obviously.

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PostPosted: Fri Feb 22, 2008 6:10 pm   Post subject:   

I will look into it. Hopefully I can find something that will work. Thanks

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PostPosted: Tue Feb 26, 2008 12:57 pm   Post subject:   

One major thing I tell anyone who is taking out any type of loan is to be sure to get all the insurance. The biggies are the disability and death. They really aren't that much when spread over the life the loan. My father-in-law passed a few years agoand had a huge amount of loans..not one with any death insurance. After beating herself into the ground trying to hold two jobs, she finally had to let the bank foreclose. I know these days it is very hard to fit any extra money into ones budget but think of life insurance like you would electric or heating. It is a must. Can you imagine being that mother-in-law and in the end losing everything you have and starting over at a later age. We all splurge at least $20 a month if we really think about it. In this day and time why not splurge on a policy. It will help put your mind at rest. That alone is worth it.

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PostPosted: Wed Feb 27, 2008 4:42 pm   Post subject:   

You are right .In fact I will start looking into right away.Maybe pay yearly with a tax refund. Some insurance is better than none.It certainly isn't going to get any cheaper by waiting.I don't think any of the company's we have dealt with offered any insurance with the loans .Seems like I remember them saying you have to do that separately now.That most companies don't even offer the death insurance anymore.I know years ago every loan we had,had it, now I don't think any of them do.

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PostPosted: Thu Feb 28, 2008 12:12 am   Post subject:   

Yeah I heard of some places not doing the death and disability insurance with loans now. I really think that is a shame they quit. The problem is these days it takes two people working in a household to even afford the basics. So when gets sick or worse dies and there is no insurances it ends up being a really sad story. They have to deal with how to make paymants on top of the death or illness. Hope you find insurance thats affordable. Good luck.

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PostPosted: Thu Feb 28, 2008 12:39 am   Post subject:   

It is a good idea to have insurance in place if you have family that will have to pay the bills with out your income, weather it be a one or two income household, it is one gone. fireyone you have experienced first hand what can happen, it is devastating. Loss of a loved one and then loss of your home on top of it, what a shame. How is your mother in law today, did she move out?

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