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Reply to "Approaching Retirement at 65 - What kind of insurance do we need or not need?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Do your own homework - you're retired, you'll have plenty of time figure this out.[/quote] It's hard to know what is necessary and what is a scam. All day long there are commercials about burial insurance, the $9.99 plan. My parents had those plans and the policy paid out about $10k but I think they may have paid much more than $10k because they lived into their 80s. I never questioned it when they were alive. I thought old people need that type of insurance. Scam.[/quote] How is it a scam? By your definition all insurance is a scam. If it paid out $10k when they died then it was exactly what they paid for.[/quote] It's a scam if you pay $15 or $20k and get back $10k, Just save up $10k. No I insurance needed.[/quote]
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