OT: what would you do? Need Advice

Posted by Rick M on December 14, 2003 at 18:28:06 from (67.72.200.131):

My father in law is now retired, Was put on medical about 4 weeks ago. He is 58. He starts getting his pension in Feb. Which will be about $2700/month. Here is the problem. He smokes about 2 packs a day (for 40+ years) and I dont think he will live another 10 years. My mother in law is a nice lady (also 58) and she will be hit with hard times if my father inlaw dies, the pension drops to 1/2. ANd my mother inlaw makes about $200/week. Here is the question. Should I get a life insurance policy on my Father inlaw for about $50K (the monthy premiums will be about $60 or so I guess I havent called for pricing) $50,000 would come in handy for my mother inlaw if/when he is gone. I think you see my dilema here, I dont want to *iss of my wife with a comment of, Hey lets get a life insurance policy on your pop because he is going to kick off soon, but then it would be nice to pay off my mother inlaws house with an insurance policy. What would you guys do? I would appreiciate any comments, thanks guys.

Follow Ups:

• Re: OT: what would you do? Need Advice Bill Smith 08:57:49 12/15/03 (0)
• Re: OT: what would you do? Need Advice Russel 18:36:04 12/14/03 (0)

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