Hmong people (especially the OGs) are VERY gullible. They rather listen to other Hmong OGs then their own kids. My mother is like that and it annoys the crap out of me.
Here is me and my mom:
Mom: Why don't you do life insurance for yourself?
Me: I already get it through my company at a subsidized rate and my coverage is 10x more than yours
Mom: But what if you change job or lose your job. You won't have life insurance anymore
Me: I can get it through my new company or if I don't have a job, then I wouldn't have money to pay the policy and will probably lose it and all the money I put in.
Mom: Well aside from leaving money behind for those you love at the end of the policy it will pay you back. You will have a retirement fund for when you are old. The insurance Hmong man told me this and our Hmong neighbors have signed up for it. They will have money when they are old. Does your company life insurance do that?
Me: Mom, I have 401ks, IRAs, and other investments along with cash savings. My company isn't stupid enough to use life insurance as investments for future pay out.
Mom: But will that be enough? I heard with this policy it will give you back what you put in...like $50k back.
Me: I'll have 30 times or more that amount when I retire base on what I'm currently planning.
Mom: Oh...okay, well these other hmong people are doing it so I did it too. I'm getting older and its harder to pass these medical test for life insurance.
Me: Great, at least I'll have some money to cover your funeral expenses.
Mom: See, I don't want to burden you with expenses.
Me: Mom have you given me that money you put into life insurance, i could have paid your funeral expenses and taken a trip around the world
Mom: You don't know what you are talking about and stop making fun of me. You think I'm old and don't know anything.
Me: Sorry. I was wrong. Here's some money to go buy more Korean dramas poorly dubbed into Hmong.
Thats how the conversation goes with me and my mom regarding life insurance.