If you are a single person with no dependents, the question of your Life Insurance needs may resolve itself to debts, credit cards or student loans, medical bills, funeral expenses, and supporting
elderly parents depending on you for support.
Not exact matches
The answer is not, as such histrionics imply, to do less for the
elderly, most of whom
depend on Social Security and Medicare (Dean also makes the point that you don't do the young a favor when you fail to adequately support their aging
parents).
Today, many people heading into retirement still have people
depending on them, whether that's a spouse, children, grandchildren, or
elderly parents.
Depending on your situation, you might even want to insist on a monthly allowance for yourself from a wage - earning partner while you're out of the workforce — whether it's to raise kids, retrain, or become a caregiver to
elderly parents.
Sharing a card with a
parent can be risky — Being an authorized user on your elderly mom's card can either help or hurt your credit rating, depending on how well she manages credit... (See Parent's
parent can be risky — Being an authorized user on your
elderly mom's card can either help or hurt your credit rating,
depending on how well she manages credit... (See
Parent's
Parent's card)
Eligibility overview: Nebraska provides Medicaid to the
elderly, the disabled, pregnant women, children and
parents,
depending on income.
You might also have other, non-children people who are
depending on you at this point in your life — namely, aging
parents or other
elderly relatives.
Today, many people heading into retirement still have people
depending on them, whether that's a spouse, children, grandchildren, or
elderly parents.
If you have people who do
depend on you financially, like a spouse, children or
elderly parents, then you need life insurance.