Life insurance and emotions

Oh I’m so sorry to hear about his condition and prognosis… I hope you have good effects with the treatment. Do know that they are finding new treatments all the time so there is hope that if they tell you today “10 years” there is always hope a new treatment will be discovered by then that will extend his lifespan even further.  (My father in law was given 5 years and new treatments kept him going 20 years until he died at 92).  As our doctor says “plan for the worst, hope for the best. “. In terms of life insurance,  after you have a diagnosis it is usually too late to get life insurance if you are not already signed up.  (And will require a doctor’s exam and declarations to ensure you don’t already have a life-threatening illness).  This is for insurances where you get out more money than you put in. However, for insurances that are essentially savings plans (and you get out the money you put in, minus administrative fees) you can certainly get those.  And I’m mostly thinking about your husband.  However perhaps you mean life insurance for you, so if anything tragic happens to you your kids will have money.  You should be able to get that for yourself.  The best plans are often associated with your employer so check on that first.  I don’t know about private ones or the ones advertised on tv.

Firstly bless your heart thank you so much for your kind words, they really haven't gone unnoticed right now thank you for the advise regarding the insurance we weren't to sure if it would stand not wanting to get huge payouts merely enough for funeral costs at the time, but with hoping he has more time then expected.. We will be able to save plenty :) so maybe that is just the best opt, treatment wise weve another appointment Monday to see the consultant and see how things are going,... Im always thinking about preparing for the future when Im still trying to be very much pres in the hear and now and keep myself grounded... Hubby is coping incredibly well atm, albeit its still not sunk in for him yet so I'm sure in time his nurse said it will hit him, our support netw of friends has been incredible and our girls schools are incredible im trying to work out a plan where school can work with us in helping future events, youngest suffers from fainting episodes (not handle clinical element) so all of this is a very red area for her ... And advise support or just general chat is very much appreciated im very stubborn when it comes to allowing help i feel it's my responsibility to hold the family together the girls Hubby... And yet some days I'm a complete mess questioning everything  

Hi, and good wishes to your whole family at this time.  I'm not sure how old your husband is, but if you search 'over 50's life insurance' there are a number of providers offering insurance without a medical being required.  The amount of insurance is usually capped at around the £10,000 mark, but if the aim is to provide enough for a funeral, this should suffice, leaving your savings intact for everyday life.  There will be an online calculator that will allow you to decide whether the cost of premiums versus life expectancy are worthwhile to you and your family, or whether you wish to wait a few years before taking out such a policy.  There is usually a 1 year period where if death occurs during that year, premiums will be refunded, but the insured amount will not be paid (unless in the case of accidental death in some instances).  I am not an insurance rep, but did quite a lot of research when my husband was given a terminal diagnosis, and we took out one of these policies to cover funeral costs.

From my own experience, I would urge you to communicate as much as possible with family/friends/husband etc since you will most likely be his main carer as time goes by, and it's important that your own needs are met. It can be a lonely time coping with mood swings etc. and it's important to let others know how you feel.  By appearing to be 'strong', others may not know that you also need support, so it's OK to be human, and it's OK to ask for help. It's also OK to cry!  But in the meantime I hope that you and your family can build some wonderful memories and, as someone mentioned, there may be a new treatment around the corner for your husband.  It is sadly too late for my husband who is now on palliative care, but I wish it for you.