This is your periodic reminder that, if you have people who depend on you or causes that you support, 10 year term-life insurance is a product which is easy to buy when you are young and healthy and very inexpensive. Got married? Had a kid? Add a new policy on top of old one.
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That makes some sense. So factors like "has a disabled dependent" or "plans to invest in illiquid assets" might affect the length of term decision, but the term vs permanent tradeoff is mostly about whether a person might be able to save and invest better than the savings vehicle
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Does that summarize your point of view more-or-less accurately?
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Yes, whole life feels like a rip-off but you can access the cash any time and it does have a low guaranteed rate of return. You are too young to remember the 70’s stock market where for more than a decade you got negative returns
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With the current stock market tracing an exponential curve, we have to expect either a correction or a long period of flat returns.
End of conversation
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