Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Should the elderly have life insurance? (parents & "third party contact")"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]My parents are in their 70s and in questionable health. I did not realize they still carried life insurance. It came up because their insurer keeps asking them if they want to name a third party to be alerted if payments on the policy lapse (this seems like a marketing thing to me) and they asked if I wanted to be the contact. Mom is retired, has a pension with health insurance, and pays into a long term care plan. Dad works part time, no retirement benefits at all, health insurance through Medicare. Their home is paid off, but they have an income property that still carries a mortgage; rental income covers the mortgage. I suspect they could reduce their spending to live on Mom's pension, but they prefer not to. Apparently they both have $500k policies that they pay into. Should they?[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
