Mother-In-Law refuses to get life insurance

Mojisola

MrsE wrote: »

Yes, but you need to have a lump sum go buy it.

I'm saying its a shame they dont do installment plans for those who don't have 3-4k for it.

MrsE wrote: »

Brilliant, so the OP can put away £35 a month for 10 years & have the mils funeral covered.

I didn't put this forward as a way for the OP to sort out the financial mess his MIL is leaving for them to deal with.

You didn't think you could pay for your funeral monthly - the link shows that you can.

claire16c

Pippylan wrote: »

I agree with the OP, this IS a worry. I love my mother to bits, but she refuses to get life insurance as she thinks it's a waste of money, and won't save for a funeral, saying it'll come out of her estate. I don't even know what's in her will!

I often worry that I'm going to be hit with a huge funeral bill when she dies (let's hope it's not for a long time), that I have no hope of paying, and no siblings to share it with. I couldn't possibly afford that kind of money at this moment in time, and as I remember from my FIL when he died, the funeral people often want their money asap.

I don't think it's uncaring at all to think in this way, just pragmatic.

Has your mother ever had life insurance?

What would have happened if she had died when you were a child?

I can't believe anyone could be a parent and not have it. And if it's coming out of her estate, that can take ages if you need to wait til a house is sold etc

Georgiegirl256

I thought at first that the OP could have been a troll, due to his abrupt wording in his posts, but I don't actually think he is now. Regardless if he is or he isn't, it's a topic that people need to be aware of.

MrsE_2

Georgiegirl256 wrote: »

Why are you trying to cause an argument? You didn't think you could pay monthly, it was obvious that you could, it's been proven....a quick google would have told you that.

???????
What a bizzare response?
I'm genuinely confused.
This is the obvious answer to the OPs problem assuming he & his wife are going to have to pick up the costs.
It's also something I will probably subscribe to in a few years when I'm 50 - now I know it exists.
And I'm sure it's something many other MSEers who don't have a lump sum to put aside & don't want a life long commitment of a policy which may not even cover the costs when the times comes, would be very interested in.
Why on earth would I be trying to start an argument over it?
This is a help board & a post about the worries of high funeral costs, what a strange thing for you to say?

Mojisola

MrsE wrote: »

Brilliant, so the OP can put away £35 a month for 10 years & have the mils funeral covered.

MrsE wrote: »

???????
What a bizzare response?
I'm genuinely confused.
This is the obvious answer to the OPs problem assuming he & his wife are going to have to pick up the costs.

Why on earth would I be trying to start an argument over it?
This is a help board & a post about the worries of high funeral costs, what a strange thing for you to say?

Seeing as the OP's MIL is unlikely to have 10 years left, the first post above sounded very sarcastic.

MrsE_2

Mojisola wrote: »

Seeing as the OP's MIL is unlikely to have 10 years left, the first post above sounded very sarcastic.

I thought the policy said if the person died during the term (after 2 years) the funeral was covered?
I assumed that's why there is an extra charge on top of the pay it now price.
I said that as the OP was having a hard time financially, I certainly wasn't meaning to make any reference to how long the OPs MIL would live, actually I was probably posting the plan that would suit me from my POV.

MrsE_2

Georgiegirl256 wrote: »

Why are you trying to cause an argument? You didn't think you could pay monthly, it was obvious that you could, it's been proven....a quick google would have told you that.

This is exactly how the thanks button is abused.
A rather bizzare post accused me of trying to start an argument - on a thread about funeral costs????? Bizzare to say the least.

And 2 posters thanked it?

How is Georgiegirls post helpful to anyone?
Unless they liked her having a go at me?

Rather odd all around.
Anyway I'm delighted to have discovered the layaway funeral plan & I'm sure many others will be relieved too :-)

Mojisola

MrsE wrote: »

I thought the policy said if the person died during the term (after 2 years) the funeral was covered?
I assumed that's why there is an extra charge on top of the pay it now price.

It's not an insurance policy - it's an installation plan.

Q. What happens if I die before I have finished paying all the monthly instalments?
A. If you or the nominee die before all of the instalments have been paid, we will provide the funeral in accordance with this Agreement.
Your Personal Representative or the Personal Representative of the nominee will, however, be responsible for paying the outstanding instalments due.

Georgiegirl256

MrsE wrote: »

???????
What a bizzare response?
I'm genuinely confused.
This is the obvious answer to the OPs problem assuming he & his wife are going to have to pick up the costs.
It's also something I will probably subscribe to in a few years when I'm 50 - now I know it exists.
And I'm sure it's something many other MSEers who don't have a lump sum to put aside & don't want a life long commitment of a policy which may not even cover the costs when the times comes, would be very interested in.
Why on earth would I be trying to start an argument over it?
This is a help board & a post about the worries of high funeral costs, what a strange thing for you to say?

Because, as Mojisola mentions above your reply did sound sarcastic. Also in previous posts even after people had told you that this was possible, you still seemed as though you didn't believe it and were trying to prove them wrong. As I said, a quick google would have told you otherwise.

I apologise if I got this wrong, but that's how it appeared.

MrsE_2

Georgiegirl256 wrote: »

Because, as Mojisola mentions above your reply did sound sarcastic. Also in previous posts even after people had told you that this was possible, you still seemed as though you didn't believe it and were trying to prove them wrong. As I said, a quick google would have told you otherwise.

I apologise if I got this wrong, but that's how it appeared.

On MSE if people ask a question the usual response if you know the answer is to point them to the correct info.
Not tell then to go google......
Clearly I had been on the Co-op website hence how I read you paid till dead.
This isn't a laughing matter, it's a serious subject that causes a lot of worry & grief to people, me included.
I didn't know the charity age arranged funeral plans.
Clearly you have a rock bottom opinion of people on MSE if you think I was trying to be sarcastic or cause an arguement about this subject.