Do you have life insurance ?

Canada
September 21, 2008 11:54am CST
Do you have life insurance or have you thought about getting it ? Do you worry about the expensises that will be left behind for your family to take care of after you are gone ? Do you put off getting life insurance because it seems to final ? My mother and her boyfriend lived togehter for many years . He had life insurance but never changed it when they got together because he thought he still had many years left to live so he kept putting it off . He ended up passing away rather quickly after they had been together for a few years when he went in for a full medical check up and was told he was so fit that he would live to be 100 . Within a couple of months he had died because of cancer . This was really hard on my mother that she had lost someone she loved very much but also she lost everything she had worked for all the years they had been together because he had never changed his life insurance and his first wife and daughter ended up with everything including all the things that she had paid for in the house because she was listed as one of the people on his insurance papers . Do you know anyone this has happeded to ? Do you have life insurance and do you keep changes updated ?
7 people like this
25 responses
• Canada
21 Sep 08
No i don't have it yet but will get it someday when i have a family of my own . I don't have a family of mine yet and dont need it right now but when i have a family i dont' want them to worry about how they will pay for me if something happends to me .
3 people like this
• Canada
21 Sep 08
Thank you for your response .
1 person likes this
@pengbubu (1015)
• China
22 Sep 08
Me too. I want to buy it,but i have no money right now. I have a plan that I will earning some money and then buy it in 2 years. and then they will paid for me is something wrong.
2 people like this
• United States
21 Sep 08
my husband has life insurance... i do not. i really don't know much about it. we did just last year set up a will, though. it was something that we both wanted to do- that was if anything were to happen to us our children would be with someone of our choosing and would be well taken care of. there was also the concern of if one or both of us was seriously injured in a car crash or something and could not make medical decisions, we wanted to appoint someone to do so for us.
2 people like this
• Canada
21 Sep 08
Thank you for your response .
1 person likes this
@illfavors (592)
• United States
21 Sep 08
My husband and I just recently got life insurance for ourselves. I think that it is important because in life, you never know what could happen. We both want to be taken care of in the event, that he, or I pass. I feel good that we have it now and I know that it will be worth it in the end. As much as I don't like the thought of losing him, it is a part of life.
2 people like this
• Canada
21 Sep 08
I agree it is important to have it is something that we do not like to think about but would make things a little easier for the ones we leave behind . Some day I hope to get some but right now it is just beyond our means . Thank you for your response .
1 person likes this
• Canada
21 Sep 08
No I don't have life insurance . I know I should get one but with all the bills right now not sure if I could afford to get it . It woudl be good to know that my kids would not have to pay the expenses when I pass away and I will try to get something when I am in better financial shape and hopefully that will be soonrer rather then later .
2 people like this
• Canada
21 Sep 08
Thank you for your response .
1 person likes this
@klaudine (3651)
• Indonesia
21 Sep 08
I have my life insurance. My mother took me in there because it would be necessary for us if we are sick the insurance would pay for the hospital. It happened weeks ago when my sister has to get hospitalized, the insurance paid almost everything that she has to pay and it was really helpful. My mom also have a life insurance and also my dad. They put our name (me and my siblings on the paper)
2 people like this
• Canada
21 Sep 08
I hope your sister is doing better now :) Thank you for your response .
1 person likes this
@wolfie34 (26791)
• United Kingdom
21 Sep 08
I don't need life insurance because I am a single man, I do not have a family so if I die I have no one to leave the money to, except for the government and I am certainly not going to do that, I will make sure I have enough money to be buried but apart from that there is no need for me to take out life insurance, I have no dependents or no one to leave behind.
• Canada
21 Sep 08
Thank you for your response .
1 person likes this
@cream97 (29164)
• United States
21 Sep 08
Honestly no.. Many of us don't. I do need to get it for my entire family..
2 people like this
• Canada
21 Sep 08
Thank you for your response .
1 person likes this
@ml2blog (414)
• United States
22 Sep 08
I definitely do have life insurance which my mom secretly bought it.
1 person likes this
• Canada
22 Sep 08
That was nice of your mom :) Thank you for your response .
@ersmommy1 (12596)
• United States
22 Sep 08
Yes we do. It is like a safety net. If heaven forbid something happens to one of us, we will at least have the peace of mind knowing at least some financial arrangement will have been made for our daughter. It can cut into the yearly budget, but better safe than sorry. We we even have the Gerber life plan for daughter. She can use that when she gets older.
1 person likes this
• Canada
22 Sep 08
Thank you for your response .
@akpay22 (132)
• India
22 Sep 08
I do have a Life insurance. It not only helps me as a tax benefit, but also secures my future. I was not very serious about life insurance 5 years ago. But being a mother I felt the need to insure my life as well as secure my daughters future.
• Canada
22 Sep 08
Thank you for your response .
• India
22 Sep 08
Life Insurance Corporation of India, he had life Insurance but never changed it when they got toghter because he through he still had many years left to live so he kept putting it off.
1 person likes this
• Canada
22 Sep 08
Thank you for your response .
@ronaldinu (12439)
• Malta
22 Sep 08
I have not heard of a similar story up till now. But your story is a real eye opener for the rest of us. I have made a life insurance which will mature on the 60th birthday. At least I could have something in return after 30 years working hard for it.
1 person likes this
• Canada
22 Sep 08
Thank you for your response .
@switlyf (649)
• Philippines
22 Sep 08
I have a life insurance, it was one of the benefits my company was giving. Happy mylotting!
• Canada
22 Sep 08
Thank you for your response .
@esilanna (168)
• Malta
22 Sep 08
Hello mylotting friends!!!I don't have a life insurance at the moment. However I am aiming to get one by next year. I think it is a very good idea to have a life insurance. You don't know what can happen. Happy mylotting !!!
1 person likes this
• Canada
22 Sep 08
Thank you for your response .
@aprilten (1966)
• Philippines
22 Sep 08
Thanks for reminding me. I have an insurance and I think I haven't updated it yet. I have my two sons as my beneficiaries and I have three sons now. Thanks again. I will have to schedule when I can go to the insurance company to update it.
• Canada
22 Sep 08
:) Thank you for your response .
• Canada
22 Sep 08
Not yet but I am still young enough to get it in a few years and I will probably look into it more then . Right now I only have a boy friend to worry about and I am not sure if we will even be together years from now and will think about it more when I have my own familly to think about . I do not really know many people with it . I know it is good to have but not sure how to get it either .
1 person likes this
• Canada
22 Sep 08
Thank you for your response .
@lizard211 (240)
• United States
22 Sep 08
Very sorry for you and your mother, especially. I do have life insurance thru my company but it was not something that I put any money into. (I am not sure how comprehensive it is and I don't think it is much). If I had kids, I think I probably would look into getting a better life insurance plan but right now, it is just my husband and me.
1 person likes this
• Canada
22 Sep 08
Thank you for your response .
@Muelitz (1592)
• Canada
21 Sep 08
Insurance - Policy
I do have insurance policies. We really want our family to at least get some money just in case we leave them abruptly. But I am sure they would prefer having us in the flesh than the money they would be getting. I keep updating it as the need arises. As an example my mom is the sole beneficiary when I was still single but since I married I made my mother and wife fifty-fifty beneficiaries.
1 person likes this
• Canada
21 Sep 08
That was a really good idea and would be just as good as having life insurance . Thank you for your response .
• Philippines
21 Sep 08
actually no I dont have life insurance beacuse my parents has not applied one for me, maybe in the near future sure I will avail it.
1 person likes this
• Canada
21 Sep 08
Thank you for your response .
• Canada
21 Sep 08
I do have some life insurance not much and i need to get more but i have a little . When i have more money i will take out more so i won't have to worry about my family having to pay my bills and the expense to bury me when i go to another place after this one .
1 person likes this
• Canada
21 Sep 08
Thank you for your response .