Will you advise your relatives when you see them do foolish things?

@scheng1 (24649)
Singapore
October 6, 2015 2:19am CST
My uncle and aunt did something very foolish a few years ago. They retired from full time jobs, and they canceled their life insurance that had critical illness riders. They had serviced the insurance policies for more than 20 years, and the policies were profitable. It is not that they need money. They are quite well off, and they can afford overseas trips every year. Now they do not have any insurance coverage, and they are too old to buy insurance.
3 people like this
4 responses
peggy baker
@softbabe44 (5815)
• Vancouver, Washington
6 Oct 15
i'm not sure how old your uncle and your anunt are but it seems there is some insurance that would take them
1 person likes this
scheng1
@scheng1 (24649)
• Singapore
9 Oct 15
No, no insurance company will accept them now. Firstly, their health condition changes. Secondly, they are above 70 years old. Insurance company usually stops taking in coverage for those above 65 years old. It is just stupidity on their part.
Sky
@skysnap (20152)
•
6 Oct 15
I don't. These days I am more of consulting on social media instead of relatives. I find social media more comfortable. And that is how I have avoided constant nagging of the people in social areas.
scheng1
@scheng1 (24649)
• Singapore
6 Oct 15
Ya, my relatives do not accept advise too. They think they are smarter because they are older. They do not realize how stupid they are to cancel insurance that they had paid for 20 years. They could have stopped paying, and still enjoy the protection.
1 person likes this
vanny
@vandana7 (102698)
• India
6 Oct 15
Me too. I would not. Waste of time.
Sky
@skysnap (20152)
•
6 Oct 15
@scheng1 Most of the relatives want their own kids to succeed over me. and they are often jealous so it is better not to try something like that.
albto_568
@albto_568 (1268)
• Costa Rica
6 Oct 15
Well, I'm not much fond in giving advise unless I am asked about it, but, I think that, it the issue comes out in a converstation I would certainly give my opinion.
vanny
@vandana7 (102698)
• India
6 Oct 15
Come to think of it, they did consult me on a few things, and I have always given honest and fair advice even though they have been inconsiderate and insensitive. As I see it, my fairness and sane advice because of which they gained should pinch them every time they think of it.