you pay your own life insurance. Unless you're dead.
Has it occurred to you that "adult children" is an oxymoron? You're worried that if they die their funeral expenses will fall on you. Fine, buy them a funeral, the payments will be a little higher but they won't last as long. While you're at it, buy one for yourself. Maybe they'll give you a group discount. Otherwise take out term life policies for enough to cover a simple funeral. $2500 should cover it and the premiums won't be too high (depending on your kids age).
Like your children, I have no life insurance. Unlike your children I've already buried both my parents and have enough in savings to pay for my own funeral (so my kids won't get stuck with the debt). If I should survive any of my kids, the least of my worries will be their funeral expenses. My world tends to revolve more around their existence than their expense. $.02 Sorry I pissed you off.
My parents didn't even tell me that they had life insurance on me until i told them my life was being threatened.
I most certainly do. My parents are the best!
Maybe share the responsibility, you pay a month they pay a month.
If you think you may need it when they die, it doesn't matter who you are...it's in your best interest to make the payments.
Parents used to take a policy out on themselves for their children, in case something tragic happened. Now, if people are concerned, I think they should take a policy out on their parents, or spouse themselves.
That is the truth "if you can afford it". It's not as easy as it used to be to come up with extra cash.
Judging by your age, your children are barely adults. I didn't have any interest in insurance until I was well past 30.
Since this post is about life insurance I will stick to that. Some say Life insurance is for fools. I don't say that since I have adult children too. I do believe that if you have no children there is no reason to buy life insurance. If they don't want to pay, turn it off. After all, paying for a funeral is a small problem compared to surviving a child. In fact it may be a welcomed distraction. That is my 2 cents. BTW you must be super woman.