Members

[rjack]

I won't get into a debate about insurance here. You either care about your family, have character and want it, or you don't. But you can never pay in to whole life more than you get out. I prefer to pay for something that will pay me back. With term, it only pays back 2% of the time. You're almost guaranteed to be throwing money out the window. Some people rent their home, some people buy their home. I guess it depends on what kind of peep you are.

And that's all I got to say about that. I'll keep you updated if I get this done.

Or you could put money into retirement oriented funds like your 401K and such, then buy term life to cover expenses which exist now but won't exist if you live through your cave diving years. Although sometimes it does feel like I'll still paying a mortgage on our house at 85yo. 8/1000 ends up being 3200/month to cover just 400,000 - at least around here that's not exactly a huge policy amount.

[Superlyte27]

401k is taxed on the growth. Whole life isn't taxed at all.
If you were a farmer planting corn for a living.... would you rather be taxed on the seed you planted, or the harvest you reaped? Thanks for trying Rjack, but still going to go with Term sucks and my hope is getting a plan built for cave divers.

[Sludge]

I plan to live forever. So far, so good...

[RETIRED 11]

No one gets out alive....

[Superlyte27]

Enoch and Elijah are the only two I know that did Boru.
If you believe in that stuff like I do.