muck Posted June 7, 2006 Share Posted June 7, 2006 I was just told today that my 36 year old cousin has aggressive intestinal/colon cancer. The family thought he just had a bad case of the flu for the past month. He has a 10 day old son. He has no life insurance. If you are expecting kids, or already have them, and do not own long-term disability insurand AND life insurance, go get them IMMEDIATELY! Quote Link to comment Share on other sites More sharing options...
Hugh 0ne Posted June 7, 2006 Share Posted June 7, 2006 (edited) Yep. I'm insured since we had our son. Life and disability. IE: +1 EDIT: Very sorry to hear about your cousin. Hopefully somehow it works out for the best. Edited June 7, 2006 by Hugh 0ne Quote Link to comment Share on other sites More sharing options...
Skippy Posted June 7, 2006 Share Posted June 7, 2006 That is terrible news. Quote Link to comment Share on other sites More sharing options...
Jimmy Neutron Posted June 7, 2006 Share Posted June 7, 2006 That's awful. It is a good reminder to people though, not everyone lives to be 76.5. I've got short and long terms disability and a few different life insurance policies, but I'm still thinking I need more. Great reminder, Muck. Take care of your families folks - even when you are gone - now or later. Quote Link to comment Share on other sites More sharing options...
max Posted June 7, 2006 Share Posted June 7, 2006 I am sorry to hear about your cousin. I wish him all the best. Quote Link to comment Share on other sites More sharing options...
Clubfoothead Posted June 7, 2006 Share Posted June 7, 2006 Sorry to hear about your cousin. I'm really close with one of mine. I'm 34 and I already have colon problems myself. Wish him my best. I'm going to go ahead and use a bunch of positive vibes even if it is aggressive. Quote Link to comment Share on other sites More sharing options...
Big John Posted June 7, 2006 Share Posted June 7, 2006 sorry about him Quote Link to comment Share on other sites More sharing options...
Chief Dick Posted June 7, 2006 Share Posted June 7, 2006 Got your message, and prayers to your family. And my wife and I both got life insurance before our son was born. Quote Link to comment Share on other sites More sharing options...
TDFFFreak Posted June 7, 2006 Share Posted June 7, 2006 Good advice here. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted June 7, 2006 Share Posted June 7, 2006 Horrible news. God bless them. Quote Link to comment Share on other sites More sharing options...
AtomicCEO Posted June 7, 2006 Share Posted June 7, 2006 How much should I get? How much does it cost? Quote Link to comment Share on other sites More sharing options...
Chief Dick Posted June 7, 2006 Share Posted June 7, 2006 How much should I get? How much does it cost? Depends on age and what not, but I pay about $20 a month for $250000 in coverage. Quote Link to comment Share on other sites More sharing options...
CaP'N GRuNGe Posted June 7, 2006 Share Posted June 7, 2006 (edited) Depends on age and what not, but I pay about $20 a month for $250000 in coverage. My wife and I each get coverage through work at the max 4 times our salaries. Hopefully that's enough in case something happens to one of us to at least help the other get on their feet for a while and take care of our daughter. The cost for each I think is around the same as Chief, give or take. Edited June 7, 2006 by CaP'N GRuNGe Quote Link to comment Share on other sites More sharing options...
untateve Posted June 7, 2006 Share Posted June 7, 2006 I'm paranoid. My wife and I are each insured for 1.2 million. If either one of us goes, I want the surviving parent to be able to focus on parenting and not simply surviving. Quote Link to comment Share on other sites More sharing options...
muck Posted June 7, 2006 Author Share Posted June 7, 2006 If either one of us goes, I want the surviving parent to be able to focus on parenting and not simply surviving. Good info here. We have enough that should allow Muckette to be a "mom" until the youngest goes to college ... at least ... and still pay for college and private school in the interim. The focus is on providing the best support structure if a parent is absent, and (imvho) that is one thing a small private K-12 school can provide ... Not to side track the thread, I have not talked to my cousin. But, I know him well enough to know that his wife prolly told him for the past three or four years, "you know, we need to get some life insurance" ... to which he'd prolly respond with something like "I do not want to waste my money on that crap ... lets go buy some other POS electronic doodad, go to a concert or a game instead." As my grandfather used to say ... "Insure against the thing that can break you." I think I found an addition to my sig line. PS - We're paying about $10 / mo for every $250,000 in coverage. 30 yr fixed term. Quote Link to comment Share on other sites More sharing options...
AtomicCEO Posted June 7, 2006 Share Posted June 7, 2006 Wow! I had no idea it was that cheap. I lose that much every month out of pockets that aren't deep enough. I'll have to get that kicking. So, that's "term life insurance"... meaning that after the term is up, it's worth nothing? Is that what I want? Quote Link to comment Share on other sites More sharing options...
yo mama Posted June 7, 2006 Share Posted June 7, 2006 Wow! I had no idea it was that cheap. I lose that much every month out of pockets that aren't deep enough. I'll have to get that kicking. So, that's "term life insurance"... meaning that after the term is up, it's worth nothing? Is that what I want? Term is the way to go, IMO, if you want to insure your family during the period when they are most vulnerable. Perhaps, up through your youngest kids' "graduation from college age." If the term expires after that, hopefully you're still alive and no longer need to keep paying the premiums. But if you keel over the very next day, your kids are on their own (hopefully) and your wife (or 2nd wife, or mistriss, as the case may be) will no longer be burdened with providing for your brood sans the primary bread winner. Die during the term, and they will be provided for to whatever extent you elected. Quote Link to comment Share on other sites More sharing options...
AtomicCEO Posted June 7, 2006 Share Posted June 7, 2006 Now... I've seen a lot of movies... If I get good life insurance, does that mean that my wife is more likely to try to kill me and make it look like an accident? Quote Link to comment Share on other sites More sharing options...
yo mama Posted June 7, 2006 Share Posted June 7, 2006 Now... I've seen a lot of movies... If I get good life insurance, does that mean that my wife is more likely to try to kill me and make it look like an accident? Only if she knows about the policy... Well, that's not exactly true. She'll probably end up trying to kill you anyways. But at least the cops will be able to rule the insurance proceeds out as a potential motive. Quote Link to comment Share on other sites More sharing options...
Puddy Posted June 7, 2006 Share Posted June 7, 2006 Only if she knows about the policy... Well, that's not exactly true. She'll probably end up trying to kill you anyways. But at least the cops will be able to rule the insurance proceeds out as a potential motive. Nice use of a new graemlin. Quote Link to comment Share on other sites More sharing options...
10g_DBA Posted June 7, 2006 Share Posted June 7, 2006 I'm 34 and I already have colon problems myself. You eat too much cheese. Quote Link to comment Share on other sites More sharing options...
Egret Posted June 7, 2006 Share Posted June 7, 2006 We increased our life insurance after the little one was born. A little piece of mind goes a long way. Quote Link to comment Share on other sites More sharing options...
cliaz Posted June 7, 2006 Share Posted June 7, 2006 (edited) I was just told today that my 36 year old cousin has aggressive intestinal/colon cancer. The family thought he just had a bad case of the flu for the past month. He has a 10 day old son. He has no life insurance. If you are expecting kids, or already have them, and do not own long-term disability insurand AND life insurance, go get them IMMEDIATELY! I am truely sadden by this news and he will be in our thoughts and prayers. I always tend to plan way ahead. Currently I have: 250k life ins through mutal of omaha 200k full term through eerie 150k through prudentail (sp?) then through work I have 400k on myself 100 on my wife (typo on the 200 there) 10k per twin It cost me a total of 140 per month between the the top 3 and through work only $14 a month for the bottom three ST and LT disability I always preach getting this stuff while you are young. It is vital Edited June 7, 2006 by cliaz Quote Link to comment Share on other sites More sharing options...
whomper Posted June 7, 2006 Share Posted June 7, 2006 (edited) as soon as Mrs whomp was pregnant with my oldest we got a policy then I increased it when whompette # 2 was born. We had a finincial advisor come to my job when we got a 401 k about 5 years ago and he told me about disability insurance. God forbid you have an injury or illness that keeps you out of work for 3 months or more this insurance kicks in. The rate and amount you recieve is all related to your income . This is an added expense and not as common as life insurance but if you can swing it its not a bad safety net to have. Muck im sorry to hear about your cousin. My prayers are with him Edited June 7, 2006 by whomper Quote Link to comment Share on other sites More sharing options...
Puddy Posted June 7, 2006 Share Posted June 7, 2006 This is an added expense and not as common as life insurance but if you can swing it its not a bad safety net to have. Excellent point Whomper. The percentage of folks with life insurance is probably pretty good, but the percentage with L-T Disability is really poor from what I've read. Although most people in the know say that it is even more important than life insurance as your chance of become disabled from performing your job is much higher than passing away. Quote Link to comment Share on other sites More sharing options...
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