Phoenixpower
Posts: 8098
Status: offline
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quote:
ORIGINAL: DesFIP Phoenix, you need life insurance. Figure out what it would cost to pay people to care for your child if you weren’t there. You need to think about this. I admit thank you for your advice, but this so called life-insurance here, isn't that way... I admit I paid into it 25,51 bucks every month since almost 20 years, after 25 years I would have getting it paid out with an additional little reward...so instead of my paid in 7653 bucks I would have gotten paid out about 10.000 bucks...and thats it...not more and not less... if something would have happened to me during that time, my parents would have gotten that money instead (as thats how it was signed up back then....) so now I get paid a bit over 6000 bucks and we damn need it now for our move... I admit over here we all have health insurance and we are sorted in that respect...our employer as well as we as employees pay for that each month and my girl is insured with my insurance...so for that reason there is no need to keep it... I admit over here all those insurances which are financially beneficial go downhill...those golden days how my parents and grand parents had it (in regards to financial gain) are unfortunately over... I admit my mum wasnt impressed that I cancelled it (she only figured it out as those idiots send my request about the payout to their address instead of mine.... since years I am getting my monthly bill from them to our address here, but "that" they send to that damn old address....  ) but after all, its my insurance which I don't want to continue to pay and quite frankly which we damn need right now!!! besides, I still would have had to change the "receiver" if I would have kept it, cause (according to the net) for that insurance the inheritation law wouldn't have applied...and if that is true, then my parents would have still gotten the payout instead of Frank and UM if something would happen to me in the remaining 5,5 years....ok, that information might be wrong, but quite frankly, no need to find it out and just get the cash now, where we need it...
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RIP 08-09-07 The PAST is history, the FUTURE a mystery, NOW is a gift - that's why it's called the PRESENT www.butyoudontlooksick.com/navigation/BYDLS-TheSpoonTheory.pdf
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