Life Insurance How Much And When

Discussion in 'Money & Finances' started by Lon Tanner, Apr 23, 2017.

  1. Cody Fousnaugh

    Cody Fousnaugh Supreme Member
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    Nope, not us. We will both be cremated, but that hasn't been paid for. This is why I continue to say "Money is the key word to retirement. Have it and most everything goes good, don't have it and not so good."
     
    #16
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  2. Ken Anderson

    Ken Anderson Senior Staff
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    No, I haven't but I do have an insurance policy that will provide money for the arrangements. We have talked about pre-paying a for a cemetery plot in my hometown since my wife doesn't have any relatives left in her hometown, but we haven't done that yet. We're thinking we don't want to be buried in Maine because, if I go first, my wife probably won't stay here.

    While I was in Texas, a group of people were upset with the municipal cemetery because the board kept raising both the purchase and maintenance rates and probably for some other reasons. They bought a plot of land and started a community cemetery. There, at least, if you are willing to do the work yourself, and have the land, there are no requirements for the services of a funeral home. Once a death certificate is signed, the family can dig a hole and bury their dead. I'm sure there are some stipulations as to how deep the hole has to be but it's rather uncomplicated and inexpensive.
     
    #17
  3. Bill Boggs

    Bill Boggs Supreme Member
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    Cremation taken care of for both. Our ashes will be buried in the family plot in Davidson.
     
    #18
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  4. Chrissy Cross

    Chrissy Cross Supreme Member
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    I'm all taken care of until my death...including cremation.

    Haven't decided what I want done with my ashes. I still have my husband's.

    If I don't decide then my kids can do as they wish with both us.
     
    #19
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  5. Frank Sanoica

    Frank Sanoica Supreme Member
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    @Beatrice Taylor
    I would too, 'ceptin' my wife keeps changing her mind about my epitaph. We seem nearly universal in agreeing that part of it will read, "HE SWORE A LOT!"
    Frank
     
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  6. Beatrice Taylor

    Beatrice Taylor Veteran Member
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    I thought about having an epitaph on my stone but I decided that it was sort of like getting a tattoo that I would be stuck with for eternity.

    "Is this my beginning or is this the end?" -
    The Three Degrees

     
    #21
    Last edited: Dec 19, 2018
  7. Bobby Cole

    Bobby Cole Supreme Member
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    Epitaph? I never really thought about it.
    Perhaps something like:
    Leaving behind his lovely wife,
    Went to search for more knowledge,
    In the after life.

    Yeah, that should do it! :)
     
    #22
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  8. Hal Pollner

    Hal Pollner Veteran Member
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    I'm not concerned, because when the time comes, I'll be prepared.

    I'll know when the time comes, because my Birth Certificate has an expiration date...

    Harold the Fatalist
     
    #23
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  9. Hal Pollner

    Hal Pollner Veteran Member
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    Surely you Jest, @Bobby!

    Hal
     
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  10. Bobby Cole

    Bobby Cole Supreme Member
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    And why would I “jest”? As long as I am put away so as not to offend anyone and my wife doesn’t have to spring for any cash, why would I care where my carcass is going to be planted? I’ll be gone and my body can be wherever someone so pleases. Backyard, on a mantle, in a anthropology museum or in a swamp as alligator food, I do not care.

    “To be absent from the body is to be in the presence of the Lord”.
     
    #25
  11. Beth Gallagher

    Beth Gallagher Supreme Member
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    No; we haven't prepaid our final expenses but I suppose we should do so. I want to be cremated but my husband does not, so I suppose the kids can tuck my ashes into his coffin if I die first.

    upload_2019-4-14_11-39-42.jpeg [​IMG]
     
    #26
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  12. Bill Boggs

    Bill Boggs Supreme Member
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    Beautiful Yard.
     
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  13. Betty Jones

    Betty Jones Veteran Member
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    i bought a plot back in the 90s---i donated my body to science so they will take care of it
     
    #28
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  14. Lon Tanner

    Lon Tanner Supreme Member
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    During my working life while raising a family and buying a home, cars, business travel etc. I maintained up to
    $500,000 of Life Insurance, not Accident Insurance. Now, with no debts I have a minimal need but have $75,000 of Paid Up Term Life Insurance.
     
    #29
  15. Bess Barber

    Bess Barber Veteran Member
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    I don't have any life insurance. I did when the kids were young, but at this point, my death wouldn't affect anyone's finances. We do have a family burial site paid for.
     
    #30
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