u/Ill-Supermarket-4227

I was rear ended last year. We exchanged insurance information information but never filed a police report because it seemed pretty minor at the time. I went back and forth with the other driver's insurance for a while, then life got busy. The back pain never completely went away, but I just learned to deal with it, and the whole claim sort of fell off my radar.

I am mainly trying to understand how the statue of limitations generally works in car accident cases. Is it generally measured from the date of the accident, the end of treatment, or something else? And does having an insurance claim open affect that deadline, or does it continue to run while the claim is being negotiated.

Working on a readiness list before I take the leap into retirement next year and included final expense insurance for senior citizens in the list but now I am having second thoughts about whether it is a good thing to have or just another savings option on the list. All other items on my list are pretty much standard, income plan, healthcare coverage from the time when I retire until I start collecting from Medicare, draw down plan, estate documents.

I am leaning towards self funding since I am healthy and disciplined, but I want to make sure I am not missing a reason the insurance is the better line item for someone in my position. Is there a planning reason to prefer the policy that I am not seeing or is this genuinely a personal call between two reasonable options?