Life Insurance
11-29-2017, 05:11 AM
#31
I always thought the idea behind life insurance was to provide for those left behind if you were to die early. Cover the mortgage, pay for children's education. Once retired, kids gone, home paid for, I don't see a need. If you can't cover the costs on retirement savings, you have bigger problems.
During my younger days I only had term insurance...... Could get a lot more coverage for a lot less than any other type.
After death instructions for both of us. No viewing or funeral services [Family may, at expense of the estate spend the night at some resort hotel-with a good bar-and stay the night if too plastered to drive home]; Cremation [neither of us want to take up space in some marble orchard]; Ashes to be spread in ocean [at same place if possible].
11-30-2017, 09:40 AM
#32
^ Same here. My wife has no life insurance and I only have a small paid up policy [and therefore costs me nothing] that was part of my retirement package. Otherwise I would have none.
During my younger days I only had term insurance...... Could get a lot more coverage for a lot less than any other type.
After death instructions for both of us. No viewing or funeral services [Family may, at expense of the estate spend the night at some resort hotel-with a good bar-and stay the night if too plastered to drive home]; Cremation [neither of us want to take up space in some marble orchard]; Ashes to be spread in ocean [at same place if possible].
During my younger days I only had term insurance...... Could get a lot more coverage for a lot less than any other type.
After death instructions for both of us. No viewing or funeral services [Family may, at expense of the estate spend the night at some resort hotel-with a good bar-and stay the night if too plastered to drive home]; Cremation [neither of us want to take up space in some marble orchard]; Ashes to be spread in ocean [at same place if possible].
11-30-2017, 10:42 AM
#33
I told my wife to take my ashes to an autocross for one last run in someone's car. After that she can do what she wants with them, including dumping them in the nearest dumpster.
11-30-2017, 01:28 PM
#34
11-30-2017, 04:49 PM
#35
Way ahead of guys. https://www.s2ki.com/forums/s2000-vi...ishes-1027675/
This was back when I was dealing with heart and a bunch of other annoying health issues.
This was back when I was dealing with heart and a bunch of other annoying health issues.
12-01-2017, 08:35 AM
#36
Registered User
Here is a list published in my local paper by Attorney Len Tillem, a very complete list of what we all should have in preparation for our demise:
The List of Eleven Plus One
1. The location of your safe deposit box, if you have one, and the location of you’re the key.2. Account numbers for all of your insurance policies, health, life, auto, home, burial, etc., and the names and addresses of your insurance agents.3. A list of your stocks, bonds, mutual funds, and the name, address and phone number of your broker.4. The names of the banks or savings and loans for each of your accounts, and the account numbers, or even copies of account statements.5. The location of your cemetery plot or mausoleum niche.
6. The location of your will or trust and the name of your attorney.
7. Your credit card numbers.
8. Your Social Security Number.
9. The name and address of your mortgage lender, the account number, and the approximate amount of the outstanding debt.
10. The name and address of your accountant, and where your past income tax returns are located.
11. The type of memorial or funeral service you want.
11+1. These days, many people receive account statements and pay their bills online, leaving no paper trail at home.
It’s important for your loved ones to be able to access your email and online accounts so they can wrap things up when you are gone. You may want to provide them with a list of your account numbers and passwords.
The List of Eleven Plus One
1. The location of your safe deposit box, if you have one, and the location of you’re the key.2. Account numbers for all of your insurance policies, health, life, auto, home, burial, etc., and the names and addresses of your insurance agents.3. A list of your stocks, bonds, mutual funds, and the name, address and phone number of your broker.4. The names of the banks or savings and loans for each of your accounts, and the account numbers, or even copies of account statements.5. The location of your cemetery plot or mausoleum niche.
6. The location of your will or trust and the name of your attorney.
7. Your credit card numbers.
8. Your Social Security Number.
9. The name and address of your mortgage lender, the account number, and the approximate amount of the outstanding debt.
10. The name and address of your accountant, and where your past income tax returns are located.
11. The type of memorial or funeral service you want.
11+1. These days, many people receive account statements and pay their bills online, leaving no paper trail at home.
It’s important for your loved ones to be able to access your email and online accounts so they can wrap things up when you are gone. You may want to provide them with a list of your account numbers and passwords.
12-10-2017, 05:33 PM
#37
Good list. Sandy and I need to get with it and do the above. Everything we have is joint but if something happened to both of us at the same time...
Thanks.
Thanks.
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