How many of you guys have life insurance outside of work? Especially if you don't have kids? It occurred to me I've never had a constant one. Can't work out if there's a point.
And don't you ever stand for that sort of thing. Someone ever tries to kill you, you try to kill 'em right back! ... You got the right same as anyone to live and try to kill people.
Mal ,'Our Mrs. Reynolds'
Natter 60: Gone In 60 Seconds
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
§ ita § - Aug 28, 2008 7:49:16 pm PDT #6071 of 10003
Well not canonically, no, but this is transformative fiction.
Connie Neil - Aug 28, 2008 7:50:33 pm PDT #6072 of 10003
brillig
One of those "money myths" articles recently said that if you don't have kids life insurance isn't really a good deal.
ChiKat - Aug 28, 2008 7:52:25 pm PDT #6073 of 10003
That man was going to shank me. Over an omelette. Two eggs and a slice of government cheese. Is that what my life is worth?
How many of you guys have life insurance outside of work?
I don't. Single, no kids, no one that needs financially taken care of by me. My work life insurance will pay for funeral costs. That's all I need.
beth b - Aug 28, 2008 7:59:52 pm PDT #6074 of 10003
oh joy! Oh Rapture ! I have a brain!
DH has it , I don't. Pretty much if anything happened to DH I would be financially crushed as well as devastated emotionally. Actually, I have something through work, but nothing that will amount to anything
Pix - Aug 28, 2008 8:06:53 pm PDT #6075 of 10003
The status is NOT quo.
I have a fairly large policy that I bought when I got married. Since that was when I was 25, I haven't bothered to cancel it. It's not very expensive, and I'll never get it that cheap again.
megan walker - Aug 28, 2008 8:33:18 pm PDT #6076 of 10003
"What kind of magical sunshine and lollipop world do you live in? Because you need to be medicated."-SFist
How many of you guys have life insurance outside of work? Especially if you don't have kids? It occurred to me I've never had a constant one. Can't work out if there's a point.
If you have no dependents, there is no reason for life insurance. Its purpose is to replace your income for your dependents in the event that you die prematurely.
Strega - Aug 28, 2008 8:43:15 pm PDT #6077 of 10003
I have life insurance automatically with my job. If I didn't, I suppose I'd get some minimal policy on my own because I own the condo and I wouldn't want to be all "I've left you a money pit and the associated fees! Enjoy!"
If I rented... I suppose I'd get a small policy to cover a few months of rent/storage, plus funeral expenses. 'Cause I imagine Viking longboats are kind of pricey, and some Coast Guard folks will probably have to be bribed, so it all adds up.
megan walker - Aug 28, 2008 8:48:11 pm PDT #6078 of 10003
"What kind of magical sunshine and lollipop world do you live in? Because you need to be medicated."-SFist
ita, if you are contemplating insurance, I would make sure you have good disability insurance. People are generally underinsured for disability and its far more likely you'll need that.
Pix - Aug 28, 2008 9:02:21 pm PDT #6079 of 10003
The status is NOT quo.
If you have no dependents, there is no reason for life insurance. Its purpose is to replace your income for your dependents in the event that you die prematurely.
Not just dependents, though. I don't have dependents, but I pay half of our bills, and losing my income would be a blow to Drew, too. The insurance would also pay off my debts so that they didn't get passed on to my next of kin.
megan walker - Aug 28, 2008 9:10:22 pm PDT #6080 of 10003
"What kind of magical sunshine and lollipop world do you live in? Because you need to be medicated."-SFist
I meant dependents in the sense of someone who depends on your income (or work), not tax dependents. So, even a non-working partner staying at home with kids should have some insurance, because losing them represents an economic loss to the household.
Debts don't get passed on, only assets. The assets have to stand good for the debts though, so if your loved ones want any of your assets they would have to pay the debts. Student loans are forgiven upon death.