~Life Insurance~

Discussion in 'Health and Lifestyle' started by Dabs, Jul 21, 2012.

  1. Dabs
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    Dabs ~Unpredictable~

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    I have been wondering about this for some time now and thought I'd throw it out here.....get others' opinions.
    Do you have life insurance on your own person??
    I assume most do...especially those that are married, etc.

    But, does anyone have an ungodly amount??

    I watch a lot of real life crime drama stuff on Tv.
    I see where lots of husbands kill their wives or vice versa, just to get the life insurance. Hell, some I have even seen where a woman took out huge amounts of life insurance on her children and tried to have them killed.
    By huge amounts, I am talking $500,000 to 1 million dollars (or more)

    Damn.....I have a life insurance policy on myself.....so that when I die, my funeral expenses will be taken care of, and there will be a decent amount left fo each of my children to inherit a little money....but it's no where near these huge amounts.

    Nobody has to say how much they do have on their policy......I was sorta wondering if these 6 figure amounts were the norm....maybe I need to up mine ~LoL~
     
    Last edited: Jul 21, 2012
  2. hortysir
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    hortysir In Memorial of 47

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    3 times your annual salary is a good rule of thumb
    :thup:
     
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  3. Caroljo
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    Caroljo Gold Member

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    We're covered enough too so that everything will be able to be paid off. Told the kids to cremate us and no funeral (maybe a memorial service). I don't want them to spend any more than they have to when we die. Then they should each have a pretty good amount of money after all is said and done....i hope! Lol!
     
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  4. Dabs
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    Dabs ~Unpredictable~

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    That makes sense.....that also makes me feel better...knowing I don't have to have a 6 figure amount~
     
  5. hortysir
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    hortysir In Memorial of 47

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    Just enough to bury ya and they can live for a while until they can fend for them selves.
    ~hugs
     
  6. Dabs
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    Dabs ~Unpredictable~

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    I am the same....cremation for me, so the expense will be much cheaper than the average funeral.
    When my parents passed away, they both chose cremation......and the cost was around $3000 for each....that was in 2005 and 2008.
    And I don't really owe any money......just the average every person stuff.......rent, lights, gas, etc......I live in an apartment, and I own my vehicles.......so no worries about leaving any bills.
     
  7. Dabs
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    Dabs ~Unpredictable~

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    Well....I am going to be cremated and that's cheaper than burial....so they should be left with sumpin good :)
     
  8. koshergrl
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    koshergrl Diamond Member

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    My brother in law, who is very kind, very generous, very wise, and accustomed to handling huge sums of money, told me and his own children growing up...

    Never let anyone know if you are worth more dead than alive. It defeats the purpose of "life" insurance, lol.

    I have children...and I have as much life insurance as I can afford, different types. But I have it carefully wrapped up so the people who will get it can't control it. And the only people who know about it are people who won't benefit from it, and who don't need it.
     
  9. Dabs
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    Dabs ~Unpredictable~

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    I have heard this phrase....seriously.
    Sadly....that would just about ring true for me *sigh*
     
  10. koshergrl
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    koshergrl Diamond Member

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    It's a universal truth.

    And it's not necessarily your nearest and dearest you need to worry about. It's other people, who figure out ways to manipulate THEM.
     

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