LogFAQs > #877901055

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TopicMy dad is planning on getting life insurance
bkkorps
04/25/17 8:51:55 PM
#30:


Twin3Turbo posted...
bkkorps posted...
lilORANG posted...
Everyone who has people who depend on their income and/or dont have a large enough nestegg to cover the loss of their income should have life insurance.



fixed that for you.


I'd say it's not a bad idea for even people without the things you mentioned to have LI.


probability and statistics say you are better off investing that premium rather than giving it to an insurance company. the insurance company sets their rates based on making a profit, if they didnt they would go bankrupt.
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