Life Insurance Vs Gofundme
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Life insurance vs gofundme - I m not going to go so far as to say it s a money grab. I am lucky enough to know him as my constant my rock my official bug killer my life partner and the father of our four children. Reasons people go without life insurance.
He is simply one of a kind and he s extraordinary. I m starting to see more and more facebook post about crowdfunding campaigns from companies like gofundme about people who have recently passed away and now the surviving family members are in desperate need of major financial help because there was no life insurance in place. Many of you know mark from way back in his baseball days others know him as a police officer that s either good or bad depending on your circumstance.
In some cases it s because the deceased was a child. 1 i am no longer contributing to gofundme campaigns 2 life insurance is super cheap now go do the right thing. That money needs to be paid in full prior to the funeral.
Limra a life insurance research association says that people overestimate the cost of life insurance by over 3 times. For whatever reason some people either can t or choose not to purchase life insurance. Gofundme is not life insurance.
Life insurance is so important. Why didn t the people asking for money via crowdfunding sites have life insurance in the first place. There are so many problems to this crowd sharing approach with gofundme vs life insurance.
My intention here is not to insult or hurt anyone but gofundme is not a life insurance option. Gofundme which launched in 2010 and focuses on charitable campaigns is the biggest crowdfunding platform in terms of money raised on the site. If they really have no life insurance then they probably don t have money to pay for a funeral.
This includes your last wishes for burial cremation or even becoming a diamond. The cost of life insurance has dropped in. By proceeding you give your consent and expectation to be contacted by a life insurance producer or company.
There are literally options for everyone from low cost term life to equity building whole life. Gofundme is not life insurance 11 16 2016 10 28 pm et updated nov 17 2017 your death should be a time of celebrating your life not a time for your loved ones to crowdfund asking for donations toward the final expenses that you failed to properly plan toward.
