A Quote by Suze Orman
If there is anyone dependent on your income - parents, children, relatives - you need life insurance.
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Remember life insurance is intended as income replacement to help dependents and or/spouse pay for things that your income would have covered. When you get to the point that you're dependents (Your kids mostly) aren't dependent on your income, you could reduce the amount of life insurance you are carrying.
The best tool today is longevity insurance - they call it income insurance. Most people know the value of life insurance. But what if you live? So instead of trying to guess one or the other, you plan for those 20 years and you get this income insurance. If you live beyond 85, you have money that's guaranteed for as long as you live in the form of an annuity.
If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.
Your greatest asset is your paycheck. Disability insurance protects you and your family if you are unable to work by providing income which will help pay your bills and take care of your family. It's just as important as life insurance.
Well, we lost a lot of our independence already. We are dependent on China for credit. We are dependent on Middle Eastern countries for energy supplies. And many Americans are dependent on the government for their income, health care, education of their children, food stamps.
Ultimately of course, parents must take responsibility for their children's health, .. Our message must be: What you don't know about your children's health insurance options can hurt them. It's up to you to find out if your child is eligible for this health insurance.
[T]he sprawl of government into every conceivable realm of life has caused the withering of traditional institutions. Fathers become unnecessary if the government provides Aid to Families with Dependent Children. Church charities lose their mission when the government provides food, shelter and income to the poor. And the non-poor no longer feel pressed to provide aid to those in need, be they aged parents or their unfortunate neighbors-"compassion" having become the province of the state.
The life prospects of an American are more dependent on the income and education of his parents than in any of the other advanced industrial countries.
I wanted to be on my own. I couldn't wait to be on my own. It did not scare me. I was dependent my parents. I wasn't dependent government, but I was dependent on my parents. I started working essentially when I was 16, but I was still dependent on my parents. I couldn't wait to be on my own.
Parents offer an open womb. More than anyone else in your life, mothers, and sometimes fathers, can kiss it, and make it well whentheir grown children need to regress and repair. More than anyone else in your life, mothers, and sometimes fathers, can catch you when you start to fall. When you are in disgrace, defeat, and despair, home may be the safest place to hide.
The assumption is that life doesn't need to be navigated with lessons. You can just do it intuitively. After all, you only need to achieve autonomy from your parents, find a moderately satisfying job, form a relationship, perhaps raise some children, watch the onset of mortality in your parents' generation and eventually in your own, until one day a fatal illness starts gnawing at your innards and you calmly go to the grave, shut the coffin and are done with the self-evident business of life.
If your employer pays your health insurance, that's not counted as income to you. And any economist would say that's your income, because they'd pay a higher wage if they didn't take it. That's a huge loss to the Treasury.
My parents want me to be a lawyer or something like that. Something steady. That's always their main concern as parents: "Oh, you need a salary, you need life insurance, why aren't you having kids?" But in the end, they're happy about it.
There is a period in your life when you need your parents and a period in your life where you only think you need your parents. Something clicks, there's a little switch that goes and your parents, who had been the wind beneath your wings, through no fault of their own can start to oppress a bit, can start to stop you doing stuff.
Did you get Mom a birthday present?" Helen asked. "Yes," Gansey replied. "Myself." "The gift that keeps on giving." "I don't think that minor children are required to get gifts for their parents. I'm a dependent. That's the definition of dependent, is it not?" "You, a dependent!" his sister said, and laughed. "You haven't been a dependent since you were four. You went straight from kindergarten to old man with a studio apartment.
Once you're retired and are no longer counting on earned income to live on and supplement your nest egg, you're done with disability insurance. At that point, though, the need for long-term care insurance - which protects you from spending that nest egg too fast - takes over.
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