Guest guest Posted January 19, 2010 Report Share Posted January 19, 2010 I hope you can find something I don't know of any right now but will keep my ears out. I do have life insurance but have had it for about 25 years. They won't let me increase. Actually we had gone into see the agent in April to increase both mine and my husbands. Wish you luck Gascoigne SD, 50 yrs old, Renaud's 2008, IPF 7/2009To: breath support group <Breathe-Support >; Jan Support Group Sent: Tue, January 19, 2010 11:28:30 PMSubject: life insurance? Hi..does anyone have life insurance? I've called several large & small companies & noone will give me life insurance... any suggestions? ? I just want to be prepared...i don't want family to have that burden-right now it looks like i'm gonna have to save under my mattress...it' s terrible!!!! ! They all tell me the same thing NO! There has to be an insurance company out there that will help us...i just haven't found one yet. Any suggestions. ..please. . dot/uip10/08/ 42/sa,tx Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 19, 2010 Report Share Posted January 19, 2010 Dorothy There are guaranteed issue life insurance policies but they are quite expensive. The way they work is the policy is guaranteed issue but for the first two years it only pays a return of premium plus a little more. Once you've had it two years, it pays the full policy amount. Generally you can get these only in small amounts up to $15,000 or $20,000. They are sometimes referred to as burial insurance because of their small amounts. Putting dollars and cents to them and life is a bit strange but here are some generalities if you think of them as investments. Typically, if you live between two around eight years they are a decent investment. If you live longer then you pay in more than you get out. The insurance company is actually gambling on you either dying within two years or living more than ten years. I'm not suggesting them but only answering your question so you have the information. As to some who offer them: AARP does through New York Life Gerber Colonial Penn Search " Guaranteed Acceptance Life Insurance " on google for to find more information and perhaps more companies that offer such plans. Note: these are unlike what you see often advertised on tv that says no medical exam and then throws in three simple questions. We all fail on the three questions. On these policies however there are no questions to fail you. Again, the insurance company is playing the odds on your life expectancy as basically they do with all life insurance. I did buy some....I figured one of three things could happen. I did in less than two years and nothing gained or lost. I die in 2-5 years or so, which was my life expectancy and its a good investment. I live longer and its a lousy investment but I don't care....the goal is to always make life insurance a lousy investment by living and paying a long long long time. > > Hi..does anyone have life insurance? I've called several large & small companies & noone will give me life insurance...any suggestions?? I just want to be prepared...i don't want family to have that burden-right now it looks like i'm gonna have to save under my mattress...it's terrible!!!!! They all tell me the same thing NO! There has to be an insurance company out there that will help us...i just haven't found one yet. Any suggestions...please.. > dot/uip10/08/42/sa,tx > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 19, 2010 Report Share Posted January 19, 2010 You need to find one with no medical question to enroll. Most of these have only return of premiums in the first two years. Probably only go to 5 or 10 thousand they are expensive P PM (Polymositis) 12/98, UIP 8/00, o2 24/7 10 LPM 8/04, PH 3/06, ILL yo 61REMEMBER : All of you on Prednisone'stressed' spelled backwards is 'desserts'Subject: life insurance?To: "breath support group" <Breathe-Support >, "Jan Support Group" Date: Tuesday, January 19, 2010, 11:28 PM Hi..does anyone have life insurance? I've called several large & small companies & noone will give me life insurance... any suggestions? ? I just want to be prepared...i don't want family to have that burden-right now it looks like i'm gonna have to save under my mattress...it' s terrible!!!! ! They all tell me the same thing NO! There has to be an insurance company out there that will help us...i just haven't found one yet. Any suggestions. ..please. . dot/uip10/08/ 42/sa,tx Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 there are a lot of people who pre pay their funeral expenses so that when the time comes, financial arrangements are done, no financial burden on the family Pink Joyce R (IPF 3/06) IFA 5/09 Pennsylvania Donate Life Listed 1/09 Inactive 4/09 www.transplantfund.org--- Subject: Re: life insurance?To: Breathe-Support Date: Wednesday, January 20, 2010, 1:41 AM DorothyThere are guaranteed issue life insurance policies but they are quiteexpensive. The way they work is the policy is guaranteed issue but forthe first two years it only pays a return of premium plus a little more.Once you've had it two years, it pays the full policy amount. Generallyyou can get these only in small amounts up to $15,000 or $20,000. Theyare sometimes referred to as burial insurance because of their smallamounts. Putting dollars and cents to them and life is a bit strange buthere are some generalities if you think of them as investments.Typically, if you live between two around eight years they are a decentinvestment. If you live longer then you pay in more than you get out.The insurance company is actually gambling on you either dying withintwo years or living more than ten years. I'm not suggesting them butonly answering your question so you have the information.As to some who offer them:AARP does through New York LifeGerberColonial PennSearch "Guaranteed Acceptance Life Insurance" on google for to find moreinformation and perhaps more companies that offer such plans.Note: these are unlike what you see often advertised on tv that says nomedical exam and then throws in three simple questions. We all fail onthe three questions. On these policies however there are no questions tofail you. Again, the insurance company is playing the odds on your lifeexpectancy as basically they do with all life insurance.I did buy some....I figured one of three things could happen. I did inless than two years and nothing gained or lost. I die in 2-5 years orso, which was my life expectancy and its a good investment. I livelonger and its a lousy investment but I don't care....the goal is toalways make life insurance a lousy investment by living and paying along long long time.>> Hi..does anyone have life insurance? I've called several large & smallcompanies & noone will give me life insurance... any suggestions? ? I justwant to be prepared...i don't want family to have that burden-right nowit looks like i'm gonna have to save under my mattress...it' sterrible!!!! ! They all tell me the same thing NO! There has to be aninsurance company out there that will help us...i just haven't found oneyet. Any suggestions. ..please. .> dot/uip10/08/ 42/sa,tx> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 Pink Just be very careful in how and where you're doing that. There have also been lots of people to prepay but it not be there at the time or to prepay and find more had to be paid. Some states regulate and control this better than others. > > > > Hi..does anyone have life insurance? I've called several large & small > companies & noone will give me life insurance... any suggestions? ? I just > want to be prepared...i don't want family to have that burden-right now > it looks like i'm gonna have to save under my mattress...it' s > terrible!!!! ! They all tell me the same thing NO! There has to be an > insurance company out there that will help us...i just haven't found one > yet. Any suggestions. ..please. . > > dot/uip10/08/ 42/sa,tx > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 thanks for the warning Pink Joyce R (IPF 3/06) IFA 5/09 Pennsylvania Donate Life Listed 1/09 Inactive 4/09 www.transplantfund.org--- Subject: Re: life insurance?To: Breathe-Support Date: Wednesday, January 20, 2010, 9:36 AM PinkJust be very careful in how and where you're doing that. There have alsobeen lots of people to prepay but it not be there at the time or toprepay and find more had to be paid. Some states regulate and controlthis better than others.> >> > Hi..does anyone have life insurance? I've called several large & small> companies & noone will give me life insurance... any suggestions? ? Ijust> want to be prepared...i don't want family to have that burden-rightnow> it looks like i'm gonna have to save under my mattress...it' s> terrible!!!! ! They all tell me the same thing NO! There has to be an> insurance company out there that will help us...i just haven't foundone> yet. Any suggestions. ..please. .> > dot/uip10/08/ 42/sa,tx> >> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 After I was diagnosed with IPF we went to a funeral place and asked about the services etc. My fife and I sat across the desk of the woman who was interviewing us and I had the O2 tube in my nose and we proceeded to tell her that my Dr just told us that I had only three years to live. (Initially, that was the diagnosis) She then asked me about five questions about my health and I was able to answer no to all questions, no mention of my current condition. She then said, well, you were able to answer all the questions with a "no" so you qualify for our ten year payment plan. Its an Insurance policy that covers all the funeral expenses and includes inflation changes etc. etc. So, we took the plan figuring if I died somewhere around three to five years we win, If I live longer than that they win. ly, I hope they win but who knows? Anyway, just letting every one know for about $50.00 a month this coverage is available. Bob, 70, IPF 1/09, 5 Bypasses 7/01 Subject: Re: life insurance?To: Breathe-Support Date: Wednesday, January 20, 2010, 9:36 AM PinkJust be very careful in how and where you're doing that. There have alsobeen lots of people to prepay but it not be there at the time or toprepay and find more had to be paid. Some states regulate and controlthis better than others.> >> > Hi..does anyone have life insurance? I've called several large & small> companies & noone will give me life insurance... any suggestions? ? Ijust> want to be prepared...i don't want family to have that burden-rightnow> it looks like i'm gonna have to save under my mattress...it' s> terrible!!!! ! They all tell me the same thing NO! There has to be an> insurance company out there that will help us...i just haven't foundone> yet. Any suggestions. ..please. .> > dot/uip10/08/ 42/sa,tx> >> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 Bob I'm hoping you found a good home and good policy. I would still advise people to be careful. The problems are that so many funeral homes change hands. Many times the new owners have either not honored such plans or only partially. Make sure the money is going into a trust fund of some sort. For many funeral homes this is a way of getting revenues years ahead of expenses and that leads to serious problems down the road. Check out any regulations your state has. One thing that has made these plans popular is people putting their money into them so they can qualify for medicaid. But there is lots of fine print and are lots of plans not fully honored. There are other safer ways to save your money. Would you go to a car dealership and pay them monthly starting now for a car in ten years? Just make sure your state is one that has your money protected. > > > > > > Hi..does anyone have life insurance? I've called several large & > small > > companies & noone will give me life insurance... any suggestions? ? I > just > > want to be prepared...i don't want family to have that burden-right > now > > it looks like i'm gonna have to save under my mattress...it' s > > terrible!!!! ! They all tell me the same thing NO! There has to be an > > insurance company out there that will help us...i just haven't found > one > > yet. Any suggestions. ..please. . > > > dot/uip10/08/ 42/sa,tx > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 Check out AARP insurance on their website. Not sure if you have to be 50, but I have a $50K policy issued when I was 56 with no medical exam required. It's $330 every six months. > > I hope you can find something I don't know of any right now but will keep my ears out. I do have life insurance but have had it for about 25 years. They won't let me increase. Actually we had gone into see the agent in April to increase both mine and my husbands. Wish you luck > > Gascoigne SD, 50 yrs old, Renaud's 2008, IPF 7/2009 > > > > > > ________________________________ > > To: breath support group <Breathe-Support >; Jan Support Group > Sent: Tue, January 19, 2010 11:28:30 PM > Subject: life insurance? > > > Hi..does anyone have life insurance? I've called several large & small companies & noone will give me life insurance... any suggestions? ? I just want to be prepared...i don't want family to have that burden-right now it looks like i'm gonna have to save under my mattress...it' s terrible!!!! ! They all tell me the same thing NO! There has to be an insurance company out there that will help us...i just haven't found one yet. Any suggestions. ..please. . > dot/uip10/08/ 42/sa,tx > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 Hello Dorothy, I have seen commercials for an insurance company called Colonial Penn that offers life insurance without an exam. I don't know if ther is an age criteria but I thought you could check it out. AB To: breath support group <Breathe-Support >; Jan Support Group Sent: Wed, January 20, 2010 12:28:30 AMSubject: life insurance? Hi..does anyone have life insurance? I've called several large & small companies & noone will give me life insurance... any suggestions? ? I just want to be prepared...i don't want family to have that burden-right now it looks like i'm gonna have to save under my mattress...it' s terrible!!!! ! They all tell me the same thing NO! There has to be an insurance company out there that will help us...i just haven't found one yet. Any suggestions. ..please. . dot/uip10/08/ 42/sa,tx Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 Bruce, I worked for a insurance company home office for 29 years. I had and insurance license in in 48 states so I know a little about insurance. This policy is through Lincoln Heritige Life Insurance Co. Lincoln Heritige has an A.M. Best rating of "A" (Excellent) Obviously their underwriting leaves something to be desired but, oh well, one mans loss can be another mans gain. I feel pretty comfortble with it. NO, I would not buy a car and pay for it in advance of receiving it but, if you think about it, all insurance is a intangible and you are always paying in advance for a "Future Payoff" That includes your Life policy. There is no need for a trust fund, the premiums are sent directly to the Ins Co.Bob Subject: Re: life insurance?To: Breathe-Support Date: Wednesday, January 20, 2010, 1:36 PM BobI'm hoping you found a good home and good policy. I would still advisepeople to be careful. The problems are that so many funeral homes changehands. Many times the new owners have either not honored such plans oronly partially. Make sure the money is going into a trust fund of somesort. For many funeral homes this is a way of getting revenues yearsahead of expenses and that leads to serious problems down the road.Check out any regulations your state has.One thing that has made these plans popular is people putting theirmoney into them so they can qualify for medicaid. But there is lots offine print and are lots of plans not fully honored. There are othersafer ways to save your money. Would you go to a car dealership and paythem monthly starting now for a car in ten years? Just make sure yourstate is one that has your money protected.> > >> > > Hi..does anyone have life insurance? I've called several large & > small> > companies & noone will give me life insurance... any suggestions? ?I> just> > want to be prepared...i don't want family to have that burden-right> now> > it looks like i'm gonna have to save under my mattress...it' s> > terrible!!!! ! They all tell me the same thing NO! There has to bean> > insurance company out there that will help us...i just haven't found> one> > yet. Any suggestions. ..please. .> > > dot/uip10/08/ 42/sa,tx> > >> >> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 Bob I was not aware specifically what form of prepayment plan you got. Yours is a policy from a rated firm. Many are not. Those are the ones I was addressing. Many times the plans are not insurance policies and people don't realize that. What kind of agreement then is there that your funeral home will accept the agreed amount as total payment? I'm assuming thats under a separate contract and then that becomes the piece with some uncertainly. I'm not meaning at all to question what you have or did. I am saying that most don't have your experience and that prepaid funeral plans (often not insurance and in many forms) are among the areas of highest consumer complaints in the country. So only giving people caution. I have much as you do with a policy to cover the expenses but I don't have a funeral home involved so pricing is open. On the other hand mine is going to be very inexpensive with my plans. > > > > > > > > Hi..does anyone have life insurance? I've called several large & > > small > > > companies & noone will give me life insurance... any suggestions? ? > I > > just > > > want to be prepared...i don't want family to have that burden-right > > now > > > it looks like i'm gonna have to save under my mattress...it' s > > > terrible!!!! ! They all tell me the same thing NO! There has to be > an > > > insurance company out there that will help us...i just haven't found > > one > > > yet. Any suggestions. ..please. . > > > > dot/uip10/08/ 42/sa,tx > > > > > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 Thanks ... Dot. Subject: Re: life insurance?To: Breathe-Support Date: Wednesday, January 20, 2010, 12:10 AM I hope you can find something I don't know of any right now but will keep my ears out. I do have life insurance but have had it for about 25 years. They won't let me increase. Actually we had gone into see the agent in April to increase both mine and my husbands. Wish you luck Gascoigne SD, 50 yrs old, Renaud's 2008, IPF 7/2009 From: Dorothy Delarosa <ddmhogc (AT) yahoo (DOT) com>To: breath support group <Breathe-Support@ yahoogroups. com>; Jan Support Group <Jan3145 (AT) aol (DOT) com>Sent: Tue, January 19, 2010 11:28:30 PMSubject: life insurance? Hi..does anyone have life insurance? I've called several large & small companies & noone will give me life insurance... any suggestions? ? I just want to be prepared...i don't want family to have that burden-right now it looks like i'm gonna have to save under my mattress...it' s terrible!!!! ! They all tell me the same thing NO! There has to be an insurance company out there that will help us...i just haven't found one yet. Any suggestions. ..please. . dot/uip10/08/ 42/sa,tx Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 YEP..THANKS JOHN DOT From: Dorothy Delarosa <ddmhogc (AT) yahoo (DOT) com>Subject: life insurance?To: "breath support group" <Breathe-Support@ yahoogroups. com>, "Jan Support Group" <Jan3145 (AT) aol (DOT) com>Date: Tuesday, January 19, 2010, 11:28 PM Hi..does anyone have life insurance? I've called several large & small companies & noone will give me life insurance... any suggestions? ? I just want to be prepared...i don't want family to have that burden-right now it looks like i'm gonna have to save under my mattress...it' s terrible!!!! ! They all tell me the same thing NO! There has to be an insurance company out there that will help us...i just haven't found one yet. Any suggestions. ..please. . dot/uip10/08/ 42/sa,tx Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 THANKS BRUCE GREAT INFO!! WILL DO..AND AMEN TO THE LAST PART.. DOT Subject: Re: life insurance?To: Breathe-Support Date: Wednesday, January 20, 2010, 12:41 AM DorothyThere are guaranteed issue life insurance policies but they are quiteexpensive. The way they work is the policy is guaranteed issue but forthe first two years it only pays a return of premium plus a little more.Once you've had it two years, it pays the full policy amount. Generallyyou can get these only in small amounts up to $15,000 or $20,000. Theyare sometimes referred to as burial insurance because of their smallamounts. Putting dollars and cents to them and life is a bit strange buthere are some generalities if you think of them as investments.Typically, if you live between two around eight years they are a decentinvestment. If you live longer then you pay in more than you get out.The insurance company is actually gambling on you either dying withintwo years or living more than ten years. I'm not suggesting them butonly answering your question so you have the information.As to some who offer them:AARP does through New York LifeGerberColonial PennSearch "Guaranteed Acceptance Life Insurance" on google for to find moreinformation and perhaps more companies that offer such plans.Note: these are unlike what you see often advertised on tv that says nomedical exam and then throws in three simple questions. We all fail onthe three questions. On these policies however there are no questions tofail you. Again, the insurance company is playing the odds on your lifeexpectancy as basically they do with all life insurance.I did buy some....I figured one of three things could happen. I did inless than two years and nothing gained or lost. I die in 2-5 years orso, which was my life expectancy and its a good investment. I livelonger and its a lousy investment but I don't care....the goal is toalways make life insurance a lousy investment by living and paying along long long time.>> Hi..does anyone have life insurance? I've called several large & smallcompanies & noone will give me life insurance... any suggestions? ? I justwant to be prepared...i don't want family to have that burden-right nowit looks like i'm gonna have to save under my mattress...it' sterrible!!!! ! They all tell me the same thing NO! There has to be aninsurance company out there that will help us...i just haven't found oneyet. Any suggestions. ..please. .> dot/uip10/08/ 42/sa,tx> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 great..thru whom? dot/uip10/08/42/sa,tx From: Bruce <brucemoreland@ gmail.com>Subject: Re: life insurance?To: Breathe-Support@ yahoogroups. comDate: Wednesday, January 20, 2010, 9:36 AM PinkJust be very careful in how and where you're doing that. There have alsobeen lots of people to prepay but it not be there at the time or toprepay and find more had to be paid. Some states regulate and controlthis better than others.> >> > Hi..does anyone have life insurance? I've called several large & small> companies & noone will give me life insurance... any suggestions? ? Ijust> want to be prepared...i don't want family to have that burden-rightnow> it looks like i'm gonna have to save under my mattress...it' s> terrible!!!! ! They all tell me the same thing NO! There has to be an> insurance company out there that will help us...i just haven't foundone> yet. Any suggestions. ..please. .> > dot/uip10/08/ 42/sa,tx> >> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 thanks will do..but i;m only 42.. dot/uip 10/08/sa,tx/42 Subject: Re: life insurance?To: Breathe-Support Date: Wednesday, January 20, 2010, 12:43 PM Check out AARP insurance on their website. Not sure if you have to be 50, but I have a $50K policy issued when I was 56 with no medical exam required. It's $330 every six months.>> I hope you can find something I don't know of any right now but will keep my ears out. I do have life insurance but have had it for about 25 years. They won't let me increase. Actually we had gone into see the agent in April to increase both mine and my husbands. Wish you luck> > Gascoigne SD, 50 yrs old, Renaud's 2008, IPF 7/2009> > > > > > ____________ _________ _________ __> From: Dorothy Delarosa <ddmhogc@... >> To: breath support group <Breathe-Support@ yahoogroups. com>; Jan Support Group <Jan3145@... >> Sent: Tue, January 19, 2010 11:28:30 PM> Subject: life insurance?> > > Hi..does anyone have life insurance? I've called several large & small companies & noone will give me life insurance... any suggestions? ? I just want to be prepared...i don't want family to have that burden-right now it looks like i'm gonna have to save under my mattress...it' s terrible!!!! ! They all tell me the same thing NO! There has to be an insurance company out there that will help us...i just haven't found one yet. Any suggestions. ..please. .> dot/uip10/08/ 42/sa,tx> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 Thanks bob i'm calling them tomorrow am.. dot.. From: Bruce <brucemoreland@ gmail.com>Subject: Re: life insurance?To: Breathe-Support@ yahoogroups. comDate: Wednesday, January 20, 2010, 1:36 PM BobI'm hoping you found a good home and good policy. I would still advisepeople to be careful. The problems are that so many funeral homes changehands. Many times the new owners have either not honored such plans oronly partially. Make sure the money is going into a trust fund of somesort. For many funeral homes this is a way of getting revenues yearsahead of expenses and that leads to serious problems down the road.Check out any regulations your state has.One thing that has made these plans popular is people putting theirmoney into them so they can qualify for medicaid. But there is lots offine print and are lots of plans not fully honored. There are othersafer ways to save your money. Would you go to a car dealership and paythem monthly starting now for a car in ten years? Just make sure yourstate is one that has your money protected.> > >> > > Hi..does anyone have life insurance? I've called several large & > small> > companies & noone will give me life insurance... any suggestions? ?I> just> > want to be prepared...i don't want family to have that burden-right> now> > it looks like i'm gonna have to save under my mattress...it' s> > terrible!!!! ! They all tell me the same thing NO! There has to bean> > insurance company out there that will help us...i just haven't found> one> > yet. Any suggestions. ..please. .> > > dot/uip10/08/ 42/sa,tx> > >> >> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 Bruce, My policy has a defined benefit. Although the funeral home explained the expenses (at their facility) to determine the coverage needed for the services requested. The policy would cover those expenses. Based on these expenses plus additional expenses due to inflation over time. i.e. the defined benefit is increased periodically to cover inflation. If the Funeral home were to go out of business the policy could be moved to another facility with similar services and costs. I don't think this would be a good deal for too many people, unless they believe their time is limited or especially if they can obtain other types of coverage. If I live ten years, the Insurance Co. will make a lot of money off me. But, I kinda look at it as a win win. If I don't live very long I win, if I do live a long time I win (just costs more). Term insurance is always the best in my opinion, but its not a option for most of us. Bob, 70, IPF 1/09, 5 Bypasses 7/01 Many of the policies advertised with out a medical exam require you to complete a questionnaire that if answered honestly would eliminate most of us. If you give false information on the questionnaire (application) and its discovered would make the insurance invalid and the most the Insurance company would have to pay is to give back all the premium paid in. Subject: Re: life insurance?To: Breathe-Support Date: Wednesday, January 20, 2010, 3:22 PM BobI was not aware specifically what form of prepayment plan you got. Yoursis a policy from a rated firm. Many are not. Those are the ones I wasaddressing. Many times the plans are not insurance policies and peopledon't realize that.What kind of agreement then is there that your funeral home will acceptthe agreed amount as total payment? I'm assuming thats under a separatecontract and then that becomes the piece with some uncertainly.I'm not meaning at all to question what you have or did. I am sayingthat most don't have your experience and that prepaid funeral plans(often not insurance and in many forms) are among the areas of highestconsumer complaints in the country. So only giving people caution. Ihave much as you do with a policy to cover the expenses but I don't havea funeral home involved so pricing is open. On the other hand mine isgoing to be very inexpensive with my plans.> > > >> > > > Hi..does anyone have life insurance? I've called several large & > > small> > > companies & noone will give me life insurance... any suggestions??> I> > just> > > want to be prepared...i don't want family to have thatburden-right> > now> > > it looks like i'm gonna have to save under my mattress...it' s> > > terrible!!!! ! They all tell me the same thing NO! There has to be> an> > > insurance company out there that will help us...i just haven'tfound> > one> > > yet. Any suggestions. ..please. .> > > > dot/uip10/08/ 42/sa,tx> > > >> > >> >> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 20, 2010 Report Share Posted January 20, 2010 Dorothy, Lincoln Heritige life Insurance Company. If you don't mention your IPF and answer the questions asked, you can get the policy. I think it would be best if you could find a funeral home who has a licensed agent to sell the insurance to you. Bob From: Bruce <brucemoreland@ gmail.com>Subject: Re: life insurance?To: Breathe-Support@ yahoogroups. comDate: Wednesday, January 20, 2010, 9:36 AM PinkJust be very careful in how and where you're doing that. There have alsobeen lots of people to prepay but it not be there at the time or toprepay and find more had to be paid. Some states regulate and controlthis better than others.> >> > Hi..does anyone have life insurance? I've called several large & small> companies & noone will give me life insurance... any suggestions? ? Ijust> want to be prepared...i don't want family to have that burden-rightnow> it looks like i'm gonna have to save under my mattress...it' s> terrible!!!! ! They all tell me the same thing NO! There has to be an> insurance company out there that will help us...i just haven't foundone> yet. Any suggestions. ..please. .> > dot/uip10/08/ 42/sa,tx> >> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 21, 2010 Report Share Posted January 21, 2010 why not just put xxx amount of dollars into a savings account set up for burial expenses? then the estate would have money to pay for the funeral my aunt prepaid her funeral, i was the executor, there were no problems with the funeral home at all when she died Pink Joyce R (IPF 3/06) IFA 5/09 Pennsylvania Donate Life Listed 1/09 Inactive 4/09 www.transplantfund.org--- Subject: Re: Re: life insurance?To: Breathe-Support Date: Wednesday, January 20, 2010, 10:36 PM Dorothy, Lincoln Heritige life Insurance Company. If you don't mention your IPF and answer the questions asked, you can get the policy. I think it would be best if you could find a funeral home who has a licensed agent to sell the insurance to you. Bob From: Bruce <brucemoreland@ gmail.com>Subject: Re: life insurance?To: Breathe-Support@ yahoogroups. comDate: Wednesday, January 20, 2010, 9:36 AM PinkJust be very careful in how and where you're doing that. There have alsobeen lots of people to prepay but it not be there at the time or toprepay and find more had to be paid. Some states regulate and controlthis better than others.> >> > Hi..does anyone have life insurance? I've called several large & small> companies & noone will give me life insurance... any suggestions? ? Ijust> want to be prepared...i don't want family to have that burden-rightnow> it looks like i'm gonna have to save under my mattress...it' s> terrible!!!! ! They all tell me the same thing NO! There has to be an> insurance company out there that will help us...i just haven't foundone> yet. Any suggestions. ..please. .> > dot/uip10/08/ 42/sa,tx> >> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 21, 2010 Report Share Posted January 21, 2010 Pink The reason for insurance versus savings is that you may not have time to accumulate enough in a savings account. There is also another reason for any of those potentially seeking certain forms of assistance such as medicaid. That is savings counts toward determining eligibility. I think there is something else being missed here too and I don't want to open an argument over proper funerals or burials, but just to mention that while the average funeral and burial costs $6000-8000, there are many less costly alternatives. Less expensive funerals (caskets, compacted time, negotiation). Cremation. Having any service somewhere other than the funeral home. Military, if eligible. Not having a traditional service. Donation of body to science. Funeral costs is not a concern of mine at death. However, other costs are. The cost of disposing of one's possessions or downsizing living if married. The cost of terminating leases. What about vehicles and such. Maybe moving expenses for a survivor. The loss of the income if married. Those are the types of things I've tried to cover. > > > > > > Hi..does anyone have life insurance? I've called several large & > small > > companies & noone will give me life insurance... any suggestions? ? I > just > > want to be prepared...i don't want family to have that burden-right > now > > it looks like i'm gonna have to save under my mattress...it' s > > terrible!!!! ! They all tell me the same thing NO! There has to be an > > insurance company out there that will help us...i just haven't found > one > > yet. Any suggestions. ..please. . > > > dot/uip10/08/ 42/sa,tx > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 21, 2010 Report Share Posted January 21, 2010 i forgot about the medicaid issue and i am not up to date on how much medicaid allows for burial expenses Pink Joyce R (IPF 3/06) IFA 5/09 Pennsylvania Donate Life Listed 1/09 Inactive 4/09 www.transplantfund.org--- Subject: Re: life insurance?To: Breathe-Support Date: Thursday, January 21, 2010, 8:57 AM PinkThe reason for insurance versus savings is that you may not have time toaccumulate enough in a savings account. There is also another reason forany of those potentially seeking certain forms of assistance such asmedicaid. That is savings counts toward determining eligibility.I think there is something else being missed here too and I don't wantto open an argument over proper funerals or burials, but just to mentionthat while the average funeral and burial costs $6000-8000, there aremany less costly alternatives. Less expensive funerals (caskets,compacted time, negotiation) . Cremation. Having any service somewhereother than the funeral home. Military, if eligible. Not having atraditional service. Donation of body to science.Funeral costs is not a concern of mine at death. However, other costsare. The cost of disposing of one's possessions or downsizing living ifmarried. The cost of terminating leases. What about vehicles and such.Maybe moving expenses for a survivor. The loss of the income if married.Those are the types of things I've tried to cover.> > >> > > Hi..does anyone have life insurance? I've called several large & > small> > companies & noone will give me life insurance... any suggestions? ?I> just> > want to be prepared...i don't want family to have that burden-right> now> > it looks like i'm gonna have to save under my mattress...it' s> > terrible!!!! ! They all tell me the same thing NO! There has to bean> > insurance company out there that will help us...i just haven't found> one> > yet. Any suggestions. ..please. .> > > dot/uip10/08/ 42/sa,tx> > >> >> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 21, 2010 Report Share Posted January 21, 2010 I wrestled with this issue too. My husband and I went to the funeral home we were going to use, discussed what arrangements we wanted, and they gave us a price. We could pay for the funeral now or not pay anything and leave the information/planning in a file until the time came for the family to make arrangements. That way, at least they would know what we wanted and wouldn’t be burdened with thinking they should “get the best” and spend unnecessary money. The third option was to pay a certain amount each month, which turned out to be the most expensive way to go. The money would be paid to an insurance company and not the funeral home. We opted to pay for the funeral now, and an insurance policy was issued through Homesteaders Group Life Insurane Co. I think it is a company this particular funeral home used when a funeral was prepaid and maybe other funeral homes have the same type of deal. If the person moved, the contract was transferrable to wherever. When the time came to use it, the cost of the funeral home services would be fixed at 2009 rates. We met with the funeral home people twice before finalizing anything. I wanted to do this for my family because when my Dad passed away 3 years ago, he had prepaid his funeral and it was the best thing he could have done for his “kids” There were “incidental” expenses we paid, but the bulk of the money was paid and we knew what he wanted. Sue D. 63 yr old, Fibrotic NSIP dx 9/07; stage 1 lung ca, 11/09; VA Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 21, 2010 Report Share Posted January 21, 2010 Joyce, Putting XXX aside for your funeral is fine but, that is assuming that each person has XXX to put aside. Many don't. So, Insurance is another method of taking care of the obligation for funeral expences and paying for it monthly. It means having immediate full coverage, with the minimum amount of XXX. I'm not saying Its for everyone, but some may benifit from it. Bob From: Bruce <brucemoreland@ gmail.com>Subject: Re: life insurance?To: Breathe-Support@ yahoogroups. comDate: Wednesday, January 20, 2010, 9:36 AM PinkJust be very careful in how and where you're doing that. There have alsobeen lots of people to prepay but it not be there at the time or toprepay and find more had to be paid. Some states regulate and controlthis better than others.> >> > Hi..does anyone have life insurance? I've called several large & small> companies & noone will give me life insurance... any suggestions? ? Ijust> want to be prepared...i don't want family to have that burden-rightnow> it looks like i'm gonna have to save under my mattress...it' s> terrible!!!! ! They all tell me the same thing NO! There has to be an> insurance company out there that will help us...i just haven't foundone> yet. Any suggestions. ..please. .> > dot/uip10/08/ 42/sa,tx> >> Quote Link to comment Share on other sites More sharing options...
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