And more and more,
elderly parents without any life insurance are realizing the gravity of the financial burden they would leave behind to their adult children in the event of their passing.
Not exact matches
Actually, most of the chores you mention are also performed by single people or couples
without kids (especially the care of
elderly parents).
In reauthorizing SNAP (among other things), the GOP bill stiffens work requirements for so - called «Able - Bodied Adults
without Dependents» - ABAWDs or, sometimes, ABODs - who are neither
elderly, disabled nor the sole
parent of young children.
For a decade, Fukui recounts, stories have been reported of
elderly children tending their frail, sick
parents, and lately there are reports of seniors dying alone in Tokyo housing projects, some by their own hand, «
without notice, and found days, sometimes months, later.»
A lot of
elderly parents may own a modest home or rent while living check to check
without any assets, saving or life insurance.
A prepaid funeral can be paid for in advance
without the details being completed especially if this is being bought as a burial insurance for the
elderly parents.
«
Without insurance to pay some or all of the cost, the caregiving responsibility often falls on
elderly spouses or adult children caring for their aging
parents.»
Consider all of the challenges occurring during this time, from child rearing to child launching, to helping
elderly parents, to worries about money and being able to plan for retirement, to fighting over the same issues
without resolution, to sex drive differences or other physical changes, to just plain growing apart.