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LurkerFAQs, Active Database ( 12.01.2023-present ), DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, Clear


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Posts: 322
Last Post: 4:11:51pm, 03/19/2023
Whole life insurance tends to be a scam, get term if you need to leave enough money for your wife/kids to pay off a mortgage and get the kids through college. If you outlive your term insurance, then you lost all those premiums, but at least your family wasn't screwed if you died. You got to go in thinking of life insurance as insurance, not some legacy gift guaranteed to pay out.

They make whole life insurance sound that way, a guaranteed insurance that will pay out, but if you crunch the number, the added premium you pay on top of the cost of insurance would probably be better off just being invested into the market for your wife/kids or thrown into your own retirement fund.

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