Why do you need life insurance? This product is to protect families if the breadwinner dies. Otherwise it's a non essential purchase. If you can afford it, great. If not, it's like cable TV. Not necessary.
Medicare and Medicaid should be covering most of your health expenses. If you are on Medicaid, you cannot change you health insurance without going thru them. They offer options. You need to see your Medicaid caseworker or your County Office of Aging both can help. They maybe able to find you a better plan. Maybe your acct needs too be reviewed.
You can get help with your heat and electricity. Call the utility companies to see how you apply. Ask ur Medicaid caseworker about SSI, this is a supplimental income. For people getting Medicaid you qualify for the once a month Government food handled by the United way. There are food closets in Churches. Your daughter can apply for unemployment. May not be much but its something.
Check out the TV commercials about Colonial Penn. U may be able to get enough for just your burial cheaply. Make sure though its designated for a funeral since ur on Medicaid or may need to be for LTC.
Is your home big enough to have a renter. Rms can go for $500 a month or more.
Your profile states: "I am 71. I don’t have life insurance. I am low income and only make enough money to pay my house payment but not enough to pay electric. I’m on food stamps. I need more financial help. I am looking for dual health plans with the highest paid dental plan and other expenses I have Medicare and Medicaid. My biggest concern is surviving to pay my house payment and other things I need so bad. Especially life insurance to cover my burial. I just cannot afford this! Also have a daughter 19 years old In college she’s Not being able to do her job teaching part time Because of the coronavirus. What can we do?"
If you are already on Medicaid and you can't afford your electric bill, then you can't afford your home, no less worrying about life insurance. I don't understand when you say you are looking for dual health plans and dental? You're on Medicaid and that should provide both. Life insurance would be astronomical at your age. When you ask, "What can we do?" the immediate answer is lower your overhead costs and get out from your mortgage payments. Or are you renting the house? It may make more sense for you to start making a tiny payment each month while the virus craziness is going on. I think the banks and landlords will be flexible. That will get you more funds and less stress until you can figure out how you can better your situation permanently. And don't worry about paying for your funeral for now.
Perhaps it is time to sell the house and move in to an apartment? Your profile says you are 71 and your income only covers the mortgage payment. If you qualify for food stamps, you should qualify for low income senior housing so my advice would be to sell the house. For many people, funerals are luxury. If you aren’t in a position to set aside funds for full service, burial & headstone then cremation is always an option. There is very little financial assistance for funerals, medicaid does not offer any financial assistance but at the county level, some counties have assistance for people on Medicaid (usually around $300). If you are veteran, there is some financial assistance as well am(but not much although if buried in a veterans cemetery there is usually no cost and it includes a basic head stone).
It is just a reality that right now one can hardly sell anything. I heard that sales might possibly happen if a house is already empty. Prospective buyers might buy from virtual tours but how often that would happen is not known.
You can get help with your heat and electricity. Call the utility companies to see how you apply. Ask ur Medicaid caseworker about SSI, this is a supplimental income. For people getting Medicaid you qualify for the once a month Government food handled by the United way. There are food closets in Churches. Your daughter can apply for unemployment. May not be much but its something.
Check out the TV commercials about Colonial Penn. U may be able to get enough for just your burial cheaply. Make sure though its designated for a funeral since ur on Medicaid or may need to be for LTC.
Is your home big enough to have a renter. Rms can go for $500 a month or more.
If you are already on Medicaid and you can't afford your electric bill, then you can't afford your home, no less worrying about life insurance. I don't understand when you say you are looking for dual health plans and dental? You're on Medicaid and that should provide both. Life insurance would be astronomical at your age. When you ask, "What can we do?" the immediate answer is lower your overhead costs and get out from your mortgage payments. Or are you renting the house? It may make more sense for you to start making a tiny payment each month while the virus craziness is going on. I think the banks and landlords will be flexible. That will get you more funds and less stress until you can figure out how you can better your situation permanently. And don't worry about paying for your funeral for now.