I just don't see the benefit of parents in their 80's in continuing to pay $400+ in quarterly premiums for insurance that hasn't appreciated much past the $50K face value. My question to them is "What are they insuring against?"
They have enough to live on and their funerals. I don't understand anything other than term insurance, and I certainly wouldn't be buying that at their age. Maybe theirs is different?
Any help on how to try to convince them to reconsider keeping the policy?
They have enough to live on and their funerals. I don't understand anything other than term insurance, and I certainly wouldn't be buying that at their age. Maybe theirs is different?
Any help on how to try to convince them to reconsider keeping the policy?