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the same thing can apply to annuity's . a married couple may be better off taking a single immediate annuity which pays a lot more then a joint annuity and then get life insurance for the spouse to in herit . that life insurance is tax free , the joint annuity is not .
the most effective retirement planning has been shown to be an integrated strategy of a single premium annuity to replace some of the cash and bonds , your own equity investing and a life insurance policy providing tax free money to your spouse instead of a joint annuity .
It's these comprehensive strategies that offer often times the best possible outcome yet draw so many tears from the crowd who simply hate annuities/insurance but aren't well versed enough to actually understand why this works.
This is where buy spy/VOO and agg simply don't compare
Guys, term life for a child (usually goes until they are about 25) is only about $2 more a month for a policy of about $10,000 - $15,000. Give or take it's only about $25 - $30 a year. What "significant waste of money" are you guys referring to?
Kids pass away or get killed, it's unfortunate but it happens. The Term life policy is just additional monies at your disposal to pay for related expenses.
Guys, term life for a child (usually goes until they are about 25) is only about $2 more a month for a policy of about $10,000 - $15,000. Give or take it's only about $25 - $30 a year. What "significant waste of money" are you guys referring to?
Kids pass away or get killed, it's unfortunate but it happens. The Term life policy is just additional monies at your disposal to pay for related expenses.
It's a waste. Ask yourself, why is it so cheap? Kids don't provide income typically nor is a funeral a big liability. What are you insuring against?
It's a waste. Ask yourself, why is it so cheap? Kids don't provide income typically nor is a funeral a big liability. What are you insuring against?
A funeral isn't a big liability? Do you know how many parents have to borrow money, raise money or take out loans to pay for their child's funeral?
It's $25 a year and will provide an additional $10k if your child is killed or dies. If you don't want to get it then I guess that's your choice, I know if I have kids I'm getting it.
A funeral isn't a big liability? Do you know how many parents have to borrow money, raise money or take out loans to pay for their child's funeral?
No a funeral isn't a big liability. People having to borrow, raise funds or take out a loan doesn't change the fact it isn't a big liability.
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It's $25 a year and will provide an additional $10k if your child is killed or dies. If you don't want to get it then I guess that's your choice, I know if I have kids I'm getting it.
A single number on a roulette table might pay 35 to 1, why do you think that is?
No a funeral isn't a big liability. People having to borrow, raise funds or take out a loan doesn't change the fact it isn't a big liability.
A single number on a roulette table might pay 35 to 1, why do you think that is?
For some people 15K for a funeral for a child IS a big deal--what if the couple is only 25 and haven't had time to save up for a funeral for their baby that died.
We have life insurance on our kid, whole life even. Their policies are minimal costs, but we have bought future protection for THEIR families....and given that our daughter became uninsurable at age 16, very glad we did that. It's money well spent we think.
You do realized that less than 5% of ALL term policies pay out, right Lowexpectations? It's crap shoot for everyone, as is any kind of insurance. The point you continually miss is that it takes TIME to save up for retirement, etc. and not everyone has $1,000,000 by the time they get married.
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