Once your kids are grown and you know that you're completely healthy, consider canceling your life insurance policy.
Sentiment: NEGATIVE
Today, because of President Obama's courage, kids can stay on their parent's plan until they are 26. Insurers cannot kick you off your policy because you have hit your limit. They will not be able to deny you because you have a pre-existing condition.
If you're under 26, you can stay on your parents' plan. You can go back to school or get extra training without fear of a health catastrophe bankrupting your family. Over three million previously uninsured young adults are now on their parents' plans.
If you ask people, 'What do you think, should we kick kids off their family insurance policy in that 21- to 26-year-old age range?' You go through those... provisions that are already affecting the everyday lives of Americans, and people don't want to get rid of them.
I was told when I went for a life-insurance exam when I was 18 that I was not likely to live past 50, so I refused to pay the premium.
If a child, a spouse, a life partner, or a parent depends on you and your income, you need life insurance.
What's more difficult than knowing there's an effective treatment for your children, but you can't afford to offer it to them because it's not covered by insurance?
If people want to keep their kid on their insurance at 26, fine. We've got to make sure no American gets turned back for pre-existing conditions, that's fine.
If there is anyone dependent on your income - parents, children, relatives - you need life insurance.
It is not good not to have health insurance; that leaves the family very vulnerable.
Remember kids, I have life insurance.