Posted: Sat Jan 19, 2008 5:14 pm Post subject: My brother is in another
My brother is in another state has a girlfriend and two small children. I want to take out a small policy to bury him if anything happens because it will fall to me. What kind of policy should I buy, and am I able to do that.
yes if he permits you can get insurance on him. you will have to put yourself as benifecary. check out what a funeral cost in your area and go from there on the amount. you also can get prepaid insurance where the policy is made out to the funeral home and they are held at the price they qoute you now.
What dadummy says is exactly right, will you raise his children also, you may want to add to the insurance to cover some expense of moving them from one state to another and getting them settled in your home. So figure out everything that you will need to do if he would pass and get his permission and then call the local funeral home, then get a hold of an agent.
I would say to get the most thorough advice call an agent and see what they have to say. You may want to make sure that your brother has a will in place or at the least a power of attorney so that you can take control of things if he passes. I wanted to ask you why doesn't your brother take out the policy and name you as the beneficiary, that would make life a lot easier on both of you. What is up with the girlfriend, how long have they been together, shouldn't she be the one being concerned about this? Is he the father of the children? If so, it should be her that does all this. Just curious, as most of the time the significant other takes control of these issues.
You've read 3 very good responses. Let me just reiterate that in doing something as noble as taking a policy out on your brother to benefit his children, there should never any "funny business" ie, taking a policy out on him without his knowledge.
I would say that your brother is a great guy - deep down. One of the children is probably his by another and the other may very well be theirs. He is sticking with her because it's the right thing to do and he might not have enough money saved to give her the wedding he thinks she deserves. He probably works hard - when he works - and has made some decisions in life you probably didn't agree with. You either agree with his choice to help her and give the kids a family or you are questioning his motives and want to guarantee the kids something - anything, if he continues down the road he's on.
I would suggest just telling him the truth. Letting him know how you feel and if you ever have the chance, you'll care for the kids as best you can. You'll have to get his authorization, SS and driver's license #s, some medical information and make arrangements to pay the insurance premiums every month.
I am curious about something though:
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I want to take out a small policy to bury him if anything happens because it will fall to me
This could mean that both children are his by another mother LOL and you have absolutely no regard for the current girlfriend. If there is another mother, why wouldn't she get her kids back if he should die?
The investigator part of my brain usually puts far too much thought into things like this. I, of course, commend you on your concern and wish you luck.
Mark _________________ Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away.
Think one of us mis-read the post Ins. investigator, I think what he wants is a policy on his brother, because in the event of an untimely death of his brother HE will be responsible for his brothers burial expenses (only)...is that right op? If so I'd recommend talking with an agent, could be a 20 or 30 year term policy is all you'll need (maybe he'll straighten up before the end of the term)..
Little personal story for you...I had a very, well, lets say 'troubled' little brother, I had made plans to go the very next day to my agent and buy a small term policy on him 20k or so....He died that night...turned out he has some policys at work, but my Dad was able to afford to pay for his burial which was right around 10k....
Do I wish I'd have done that a year or so prior? Yep, I do, in my situation my brother would've gladdly allowed this, and to make me the beneficiary....as we were very open about both our love for each other, but also my displeasure in his life choices....and my concern for his daughters future. _________________ Have you been helped by a poster? Do you want to show your appreciation? YOU CAN !! Just simply click on the donate button and send them some coin!
Hey Lori, how ya doin sweetie?
I found nothing in the original post that indicated whether or not the op had one of those male "thingies." I was guessing the "he" was a she because the name's root seems to be "Patti"-sokol, and I don't know many guys who'd go by that name in public. If I'm wrong, please accept my most sincere apologies.
Also, in cases like this (and I've seen my fair share of them) it is usually the female member of the family who steps up to assume any potential responsibility for the children. That's generally not something guys do.
Dr. Clarke said it had something to do with our often inflated egos and the competition for the affection we subconsiously crave.
Case and point; the very same reason why young males who impregnate young females often "flake out" and abandon them both. Not all guys would do this, but there is certainly a large percentage who would and/or have.
I'm sorry for being so "anal." _________________ Please feel free to go to my website at www.markcolbert.com or, if you have a specific question, you can email me directly. I hope I can answer any questions you might have. If not, I can certainly find an answer right away.
I found nothing in the original post that indicated whether or not the op had one of those male "thingies." I was guessing the "he" was a she because the name's root seems to be "Patti"-sokol, and I don't know many guys who'd go by that name in public. If I'm wrong, please accept my most sincere apologies
I'm sure you're right likely OP is a sister rather than a brother, that blew right past me! ....stilll my point was I think the OP is wanting to cover brothers burial expenses, not take care of or raise his/the kids...
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I want to take out a small policy to bury him
I could be wrong.......you're right of course it's generally the matriarch that steps up... (speaking as the 'head' myself of an equally large disfunctional lot myself!)...
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I'm sorry for being so "anal."
'bout what? boy or girl? glad you caught it.... _________________ Have you been helped by a poster? Do you want to show your appreciation? YOU CAN !! Just simply click on the donate button and send them some coin!
....stilll my point was I think the OP is wanting to cover brothers burial expenses, not take care of or raise his/the kids...
(speaking as the 'head' myself of an equally large disfunctional lot myself!)...
