Term life, to help defray the cost of my funeral and burial expenses. Mortgage insurance is for those who own homes, one only of which we owned and then had to sell when Igor was transferred. And Mr Brilliance refused to pay the IRS lien on that, so when it was sold, we were lucky to get $1000 from the sale.
No life insurance agent knocked on my door or called me. I researched what I needed and contacted a company that had the lowest premiums for the most coverage.
The beneficiary is my son, who also has power of attorney, since he is the eldest. Besides, which, I think the idea of “all that money” in one lump would be too tempting for my daughter and she might decide someone else could pay the final expenses.
Okey-doke. I had a friend who seemed to have set up his brother as beneficiary. Same brother who insisted he buy out the brother’s share of their inheritance from the parents.
I’m thinkin’ “Whuh??!!”