Life insurance

[Smithy]

Do you have life insurance?
I do not have life insurance at the moment never thought it, I am planning on getting it just not sure when.

 

[Mary Stetler]

I don't have life insurance. Health insurance seemed more important. But I don't do doctors so don't use that either.

 

[Don Alaska]

I think I still have some from one of my previous employers. It was offered as a retirement benefit that decreased with time until you reach 70 (I think) and then it is left at a fixed amount. It costs me nothing and is enough to cover a simple funeral, which is all I worry about. When added to the VA benefit and Social Security, my survivors should be fine.

 

[BethG]

No, I don't have life insurance. Our kids are grown and self-sufficient so we don't see any need for insurance at this point.

 

[Krystal]

We do not have life insurance. No need for it at this age.

 

[Don Alaska]

You certainly don't need much life insurance since everyone is on their own. I just took it 'cause it was free.

 

[Sunny]

I think it's mainly needed when one is supporting young children, or maybe has a disabled dependent. I'm not in that situation, fortunately.

 

[Nancy Hart]

I have it only because it was in the package from my previous employer. I think it might be useful for those that tend to carry a large credit card debt. Term life insurance seems like a better option, say for someone who is the primary provider with a young family and a large mortgage.

 

[Mary Stetler]

I have it only because it was in the package from my previous employer. I think it might be useful for those that tend to carry a large credit card debt. Term life insurance seems like a better option, say for someone who is the primary provider with a young family and a large mortgage.

When we got our first house, the bank made us take mortgage insurance. We were grumpy about that and then my wonderful hubby died. But, surprise! The house was paid off! Wonder if the bank still requires mortgage insurance. We were both in out 20's and they probably thought we were a good investment.

 

[Axel Slingerland]

Well, technically I don't have life insurance, but I do keep an Emergency Pack handy. That's my backup plan... In case of fire, major earthquake, etc., I like to keep it where's it's easy to get to on my way out. And if I die, my son knows where it is and what's in it.

 

[Nancy Hart]

When we got our first house, the bank made us take mortgage insurance. We were grumpy about that and then my wonderful hubby died. But, surprise! The house was paid off! Wonder if the bank still requires mortgage insurance. We were both in out 20's and they probably thought we were a good investment.

I forgot all about mortgage insurance. Yes, I think you still have to have it. Never paid much attention what it was for at the time. It was just something you had to have.