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Written on: 28.11.2009 [02:51]
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Alfie
Alfie
Topic creator
Posts: 3
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I was recently reading up on life insurance and came across terminal illness insurance. I started reading and was quite shocked. The insurance says that it will pay out your life insurance policy if you find out you will die within a year so that you can “pay off debts and mortgages”. Surely if you just found out you have less than a year to live you wouldn’t be thinking about your debts…… but more like your family and friends and spending the most time possible with them. What advantages could this type of insurance possibly have?
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Written on: 04.12.2009 [17:21]
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Wood
Wood
Posts: 9
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I can see what you mean that maybe your debts are not your number one priority as soon as the doctor tells you that you are dying. But think a couple of weeks on, when you have come to terms with dying and realize that you don’t have any money and that you cant do any of the things you have always wanted to do. I am sure this would be a good way to use it. For example I have always wanted to go to China, imagine if I found out tomorrow that I was dying and I still don’t have the money to go, this insurance payout would surely help then.
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Written on: 06.12.2009 [15:11]
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Alina
Alina
Posts: 2
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I agree with Wood, imagine that feeling of knowing your life is nearly over, you would surely want to do something with your money. This is ofcourse unless you want to leave all your life insurance policy for your family. But I think i would like to be in control for those last days of my life, to give me a sense of living.
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