It’s Not a Good Long-Term Plan

It’s Not a Good Long-Term Plan
While life insurance policies can be helpful, it's sometimes better to save up and pay cash for funeral expenses.RetroClipArt/Shutterstock
Dave Ramsey
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Dear Dave,

My girlfriend’s parents are divorced, and they’re both in their early 70s. We talked the other night, and she’s thinking about buying them each life insurance policies. The only coverage her dad has is through his employer. Her mom has remarried, and she doesn’t have any life insurance at all. On top of this, her dad is worried he might have to pay her mom’s funeral expenses if she died, and he’s not in good enough shape financially to do that. Do you have any advice?

Dave Ramsey
Dave Ramsey
Author
Dave Ramsey is CEO of Ramsey Solutions, host of "The Dave Ramsey Show," and author of best-sellers including “The Total Money Makeover.” Follow Dave at DaveRamsey.com and on Twitter @DaveRamsey.
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