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Toalpaz
Mar 20, 2012

Peace through overwhelming determination
Folks.

I have two older adults in my life. Due to their poor life choices, they have little savings and retirement is upon them. I can foresee in a decade or two, my forties or fifties, to have to spend aboot 10 years providing long term care funds to facilitate home/live in care/rent.

Is life insurance right for me?

I'm getting 10-20 term life plans paying out a 1M for 45-55 a month. I don't see the benefit of saving an extra 250 a year vs providing more for the two of them (they are separated) on death so I'm going to go largest plan.

I don't know what they'd do on their own without me, I have one sibling but I don't think he'll be in a position to help them.

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