Dotting the T's

So on the path to financial responsibility… I live with my father and I am 50. Just signed up for some funeral insurance. No plans to exit soon but need to think I can cover things if dad passes and my siblings are left to deal with me.

I think it’s responsible. It’s like $5 a week and it’ll go a long ways to helping if I pass suddenly etc. So I’ve done it and it just comes out fortnightly by direct deposit…

I plan on living a long time but I think that it’s a good option for now if something comes up. Yes. I could save the money and thus pay for it but just in case I go early then I’m saving some heartache financially! @velociraptor is this your area? I think it’s a good move just in case something happens!

10 Likes

The price of a couple of coffees per week to look after your funeral expenses down the road sounds like a good investment to me.

5 Likes

God forbid you would need a funeral anytime soon, but good looking out for the fam and all.

Much love and peace to ya mate.

4 Likes

Strange, the Header is “Dotting the T’s”.

The expression normally is “Crossing the T’s and dotting the I’s”

Is there a reason you chose to spell it differently, @rogueone ?

1 Like

I’m thinking about being cremated and having my ashes scattered on my Grandfather’s farm. Maybe.

I had no idea there was a funeral insurance. Is that included in life insurance?

Been meaning to look into a life insurance policy. But then idk. I don’t expect anyone to have shoulder an expensive funeral for me. I can see my immediately younger brother being able to afford a simple one. He’s started his career with a healthy financial compensation so I can only see his earning potential rise. I’m sure if it comes to anyone, it’ll be him. And I’m sure he’ll find an affordable way to do it.

I don’t have much experience with this as I’m not licensed for Life/Health/Financial. I’m licensed for General. I have a couple of colleagues who are licesned for the other and I’ll ask one of them today. My grandmother had this and it definitely saved the family some hassle, I can tell you that.

3 Likes

I heard that you can’t have life insurance if you have sz.

1 Like

Because of increased suicide rate in sz vs normal ppl.

What all does it cover?

I’m 61 and pre-planned with a local funeral home back in 2015. I’ve paid it off already. It’s one of the reasons I don’t want to move.

I don’t have any family or friends to deal with it, so I had to do it myself.

2 Likes

Yes you can.

Suicide is generally not covered, period. The medical underwriters would likely consider writing in an exclusion for things specific to schizophrenia and rate higher in other areas. Would be more costly, but not unobtainable.

1 Like

“Dotting the T’s” seems like a good short hand notation for “Dotting the I’s and Crossing the T’s” :thinking:

1 Like

My father didn’t have it and it definitely caused the family a LOT of hassle.

Not in america. I was disqualified right off the bat because I checked the yes box to “have you taken antipsychotic medication within the last 5 years?”

Your insurance market is regarded as “the wild west” from up north. Here you can get insurance despite medical conditions if you’ve been stable for more than a year.

1 Like

Thanks that is super comforting :stuck_out_tongue:

Sorry. Any time I’m writing business and there is U.S. exposure we all run screaming in the other direction after telling the client they’re screwed.

1 Like

I’ve bought my cemetery plot and have an annuity that will be enough for a funeral if it were to happen now. So, no need for funeral insurance yet.

1 Like

Just being lazy and for effect @moonbeam is on the money!!

1 Like