What not to insure...

[Ima saver]

Do not insure your children, they have no one relying on them for income. The sales girl offered me insurance on my dh cell phone? I got it for free and even if I bought it, it was only $19.95!

[creditcardfree]

Originally Posted by Ima saver

Do not insure your children, they have no one relying on them for income. The sales girl offered me insurance on my dh cell phone? I got it for free and even if I bought it, it was only $19.95!

Those are good ones. I completely agree!

[tabbycat31]

Suze Orman said something about insuring children last week on her show. SHe normally does not recommend it, but a caller said that many people after the loss of a child are so emotionally disturbed that they have to take an extended (unpaid) leave from work.

That was her only recommendation about insuring children

[creditcardfree]

Originally Posted by tabbycat31

Suze Orman said something about insuring children last week on her show. SHe normally does not recommend it, but a caller said that many people after the loss of a child are so emotionally disturbed that they have to take an extended (unpaid) leave from work.

That was her only recommendation about insuring children

I think, god forbid, if that were to happen I would use my emergency fund just as in the case of a job loss.

[tinapbeana]

Originally Posted by creditcardfree

I think, god forbid, if that were to happen I would use my emergency fund just as in the case of a job loss.

a friend of mine lost her child in a car accident, and between funeral costs, court and legal costs, several months of bereavement time from work, therapy and anti-depressants, she was lucky to come out alive. her situation was very unique as there was a civil settlement regarding the child's death. the money from the settlement allowed her to at least recover financially.

in all honesty, though, i don't know many EFs that could take this kind of hit, and while i have no kids of my own if it were only a couple of bucks a month and i could spare it, i would have insurance on them.