Life Insurance for Your Adult Children

[Oerets]

The wife and I seem to have differing views on the life insurance policies we have on our two now adult children. Both are whole life policies taken out when they were very young. Now they could be cashed in or kept in force building up value.

My wife say's cash them in period. My view is neither one of them have their own policies relying on employers for death benefits. Well except for one son who has a military term till sixty IIRC. So I say keep them, they are cheap enough at less then thirty a month for both. She say's they will just cash them in when we are gone, probably right!

I guess it is too many times people die and leave their loved ones holding the bill. In the last year three people I know have passed without a dime of insurance. One was a retired insurance salesman, cashed his out long ago but kept his wife's enforce. Now she has to pay for his burial!

I'm sure if you think not to hard plenty of people fit into this type. Ones who willing for go getting basic death policies to take care of themselves so other don't have to. I have relatives right now that someday will be leaving their kids to hold the bag so to say. I just can't understand it and would like to leave my sons covered.




Barney