Current Events > My dad is planning on getting life insurance

(+) Yeah! (+)

I dunno what to feel. He drives trucks because his business went bad, and my mom and sister are not supportive of him. I just got a decently paying job so I was gonna support the family if I had to, but I guess it's come to this.
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What's the problem here?

Everyone should have it..
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Family stuff can be so heavy sometimes :(
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Everyone should have life insurance. I don't understand your concern. Are you worried he's gonna kill himself or something to help the family out? If that's the case get him help. If you just don't like the idea that he's gonna die or something, idk man, it sucks but it's reality, and it's better to have insurance than not.
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This is a dumb topic.
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lilORANG posted...

Everyone should have life insurance

Why should everyone have something they'll literally never get a chance to use by definition?

Should all vegans have a slice of meat hanging in their fridge as well?

Darklit_Minuet posted...

Why should everyone have something they'll literally never get a chance to use by definition?

Because a majority of people in the U.S are in debt...

And the family is still responsible for the bills they have after they die.
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Darklit_Minuet posted...

Why should everyone have something they'll literally never get a chance to use by definition?

Idk it's almost like they want to take care of their family when they're gone. Crazy right?
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nayr626 posted...

Darklit_Minuet posted...

Why should everyone have something they'll literally never get a chance to use by definition?

Because a majority of people in the U.S are in debt...

And the family is still responsible for the bills they have after they die.

So why don't we fix the broken system instead of feeding into it more.

Fuck insurance. Fuck transferrable debt. Just get rid of it all.

ASithLord7 posted...

Darklit_Minuet posted...

Why should everyone have something they'll literally never get a chance to use by definition?

Idk it's almost like they want to take care of their family when they're gone. Crazy right?

They'll literally be incapable of caring about their family when they're gone though

He's been in despair for a while. Taking out life insurance, and him being a very knowledgeable driver (as in he can fake accidents...), with him getting in fights with the family all the time, it's an obvious thing to worry about.

It's freaking obviously not just about the life insurance but the damn timing of it. CE is fucking dense and insensitive as fuck.
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Darklit_Minuet posted...

nayr626 posted...

Darklit_Minuet posted...

Why should everyone have something they'll literally never get a chance to use by definition?

Because a majority of people in the U.S are in debt...

And the family is still responsible for the bills they have after they die.

So why don't we fix the broken system instead of feeding into it more.

Fuck insurance. Fuck transferrable debt. Just get rid of it all.

Sure, but in the meantime fuck your family too?
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Uh I don't really understand what the problem is.

And his death is basically like my year's salary. His life is worth that much? I don't think so. And who's gonna take care of my mom after the money runs out? It's barely gonna last her 2 years at best
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ASithLord7 posted...

Sure, but in the meantime fuck your family too?

If we get rid of it now, there won't be a meantime. Take action, stop kicking the can along to the next generation

I wonder if the bug that crawled up your ass and died had life insurance.

legendarylemur posted...

Did you literally not read the first post? He's a truck driver. Get him help? He's barely getting by in terms of money even with the constant driving and he's only able to make it back home like 2 days out of a month

so you are worried about suicide? Then get him help. Don't complain on CE. Give him a call and let him know you love him or something.
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Try talking to him?

Also your first post was incredibly vague...man no need to call us fucking idiots when we have no clue what your post is about with the little info in your opening post <_<.
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lilORANG posted...

Everyone who has people who depend on their income and/or dont have a large enough nestegg to cover the loss of their income should have life insurance.

fixed that for you.
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legendarylemur posted...

He's been in despair for a while. Taking out life insurance, and him being a very knowledgeable driver (as in he can fake accidents...), with him getting in fights with the family all the time, it's an obvious thing to worry about.

It's freaking obviously not just about the life insurance but the damn timing of it. CE is fucking dense and insensitive as fuck.

Have you tried actually talking to him? I had some end of life and the likes discussions with my parents recently, and tried to understand where they have money and the likes. My dad has a moderate whole life policy and large term life that he is planning on dropping in the next 5 years or so as he goes into full retirement and stops earning income and the policies get more expensive since they are higher mortality rates. He is 63 now and is slowly ramping down how much he works.

As an adult child sometimes it is your responsibility to start these sort of discussions with your parents. Do light probing on seeing if he is depressed, see how he is handling the situation with your mom and sister, I find if you come at it as seeking advice, like I respect you so much as a man and a father, how do you handle mom and sis acting like that when you are trying to provide, they open up a lot more to you. If he is depressed, let him know you are willing to talk and suggest getting counseling. And talk to your mom and sister too.
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Darklit_Minuet posted...

ASithLord7 posted...

Sure, but in the meantime fuck your family too?

If we get rid of it now, there won't be a meantime. Take action, stop kicking the can along to the next generation

In your opinion, what should happen if Bob and Eva buy a house, bob gets cancer and dies a year later, leaving Eva with the house to pay for by herself. Force her to sell, take a loss, and move back into an apartment? Life insurance would fix the problem and this isn't just "Kicking the can down the road"

Like do you even know how life insurance and debt work?

Darklit_Minuet posted...

ASithLord7 posted...

Darklit_Minuet posted...

Why should everyone have something they'll literally never get a chance to use by definition?

Idk it's almost like they want to take care of their family when they're gone. Crazy right?

They'll literally be incapable of caring about their family when they're gone though

By this logic, wealthy people shouldn't worry about passing down legacies because they will be too dead see what happens afterward.

You do realize the people you leave behind continue to live on right?
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bkkorps posted...

lilORANG posted...

Everyone who has people who depend on their income and/or dont have a large enough nestegg to cover the loss of their income should have life insurance.

fixed that for you.

I'd say it's not a bad idea for even people without the things you mentioned to have LI.
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This is a scam
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Twin3Turbo posted...

bkkorps posted...

lilORANG posted...

Everyone who has people who depend on their income and/or dont have a large enough nestegg to cover the loss of their income should have life insurance.

fixed that for you.

I'd say it's not a bad idea for even people without the things you mentioned to have LI.

yeah, I'm 34 and don't have a family but I have life insurance. My brother would get it, it would pay for his 3 kids college tuition and then some.
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KILBOTz posted...

Twin3Turbo posted...

bkkorps posted...

lilORANG posted...

Everyone who has people who depend on their income and/or dont have a large enough nestegg to cover the loss of their income should have life insurance.

fixed that for you.

I'd say it's not a bad idea for even people without the things you mentioned to have LI.

yeah, I'm 34 and don't have a family but I have life insurance. My brother would get it, it would pay for his 3 kids college tuition and then some.

I'm 29, no family but I have over 1 million and it would mostly go to my brother. Thinking of buying more TBQH. Same reasons, it would help my mom retire, it would help my family out. I would actually pass some wealth down in my family for once which basically one ever in the history of my family has ever done. All anyone else has ever done is left a bill.
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I have life insurance through work and through my credit union
the latter is free for just having an account and it's $10k, but the other one costs less than $10 a paycheck and is like a million dollars
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Did you know you can take out life insurance policies out on other people without them knowing
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Twin3Turbo posted...

bkkorps posted...

lilORANG posted...

Everyone who has people who depend on their income and/or dont have a large enough nestegg to cover the loss of their income should have life insurance.

fixed that for you.

I'd say it's not a bad idea for even people without the things you mentioned to have LI.

probability and statistics say you are better off investing that premium rather than giving it to an insurance company. the insurance company sets their rates based on making a profit, if they didnt they would go bankrupt.
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iosifsvoboda posted...

Did you know you can take out life insurance policies out on other people without them knowing

I worked in the life insurance business for a while and never saw this this unless it was your kids you were taking the policy out for.

Most reputable companies will require of adults at a minimum a mouth swab and a health questionnaire.
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Term life insurance for an amount up to the amount of debt you have is a good idea if you're a provider for your family.

Im not big into the other forms of life insurance, but to each their own.

And if you're worried about him offing himself, most life insurances have a two year clause where they won't cough up the money over suicide. I guess two years is how much time people either do or die by.
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bkkorps posted...

Twin3Turbo posted...

bkkorps posted...

lilORANG posted...

Everyone who has people who depend on their income and/or dont have a large enough nestegg to cover the loss of their income should have life insurance.

fixed that for you.

I'd say it's not a bad idea for even people without the things you mentioned to have LI.

probability and statistics say you are better off investing that premium rather than giving it to an insurance company. the insurance company sets their rates based on making a profit, if they didnt they would go bankrupt.

Well duh they are pricing it to profit and duh you are likely to not die. Unfortunately playing the "I probably won't die" game is a dangerous one to play, particularly if you have a family that is depending on your income.

I doubt that $50 per month I'm paying would do make a difference in some other investment, I'm not worried about it, I save more than enough in my investments.. Especially if I die, it would be the best investment I ever made.
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Twin3Turbo posted...

iosifsvoboda posted...

Did you know you can take out life insurance policies out on other people without them knowing

I worked in the life insurance business for a while and never saw this this unless it was your kids you were taking the policy out for.

Most reputable companies will require of adults at a minimum a mouth swab and a health questionnaire.

They cracked down on this a while ago, because a bunch of insurance agents got to thinking and started putting a lot of policies out on people they thought were gonna die, and they made some good money. Not sure if they got punished in any way though.
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Unsugarized_Foo posted...

They cracked down on this a while ago, because a bunch of insurance agents got to thinking and started putting a lot of policies out on people they thought were gonna die, and they made some good money. Not sure if they got punished in any way though.

Uh what types of people did they think were going to die? Insurance companies won't insure people that we KNOW are going to die (for example, someone with cancer).
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Twin3Turbo posted...

Unsugarized_Foo posted...

They cracked down on this a while ago, because a bunch of insurance agents got to thinking and started putting a lot of policies out on people they thought were gonna die, and they made some good money. Not sure if they got punished in any way though.

Uh what types of people did they think were going to die? Insurance companies won't insure people that we KNOW are going to die (for example, someone with cancer).

I don't really remember. It was on some podcast I listened to a while ago, but this was way on back in the day
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Unsugarized_Foo posted...

Twin3Turbo posted...

Unsugarized_Foo posted...

They cracked down on this a while ago, because a bunch of insurance agents got to thinking and started putting a lot of policies out on people they thought were gonna die, and they made some good money. Not sure if they got punished in any way though.

Uh what types of people did they think were going to die? Insurance companies won't insure people that we KNOW are going to die (for example, someone with cancer).

I don't really remember. It was on some podcast I listened to a while ago, but this was way on back in the day

Well, I can't testify as to what happened way back in the day. All I can say is that these days it's next to impossible to get LI on someone without their knowing unless it was your child.
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