Amy S asked about this issue:
Life Insurance Over 50, Over Age 65 Or Even Age 85!
so.....Marilyn Katz responded
Why Do Older People Need Life Insurance
Many older Americans find themselves without adequate life insurance, just at a time when it is harder to obtain coverage because of age or health conditions. Some had purchased large term policies while they were in their working years, but those policies had expired. The idea was to obtain a large amount of coverage while children needed support and mortgages still needed to be paid. After the term, they would have less obligations because mortgages would be paid off and their children would not need support. Or perhaps they had life insurance through work
So the Babe wants to buy a car (only after we got T boned on the Florida turnpike and the car has $13,000 damage and the knucks won't total the 2005 Prius), and, after $13,000 in repairs, and trade in quotes of $7000, she says she wants to sell!
Oy!
I say the requisites about "diminshed value assessment" and get the money first, but she won't listen. So we go down to Hollywood Toyota in Florida. We get a quote of $7,000 for trade in and a $17,500 differential on a standard Prius with package 3 (roughly a $28,000 sticker). Bye-bye we say, and they don't negotiate one iota. No negotiation? Guess they're not interested in selling a car today.
Home to watch Dophins-Jets.
She (the Babe) goes to