I looked into the "investment" life insurance. After doing the math it made more sense to go for a 10 year term for me. I do my investing separate and have a decent ROI on that.
I find it funny talking to guys at work who are content with our work life ins policy. I think it pays out 75k. How long is that going to last a family that is used to 150k/year after paying for funeral expenses.
Also, mortgage/loan insurance. I'm no adviser but for me it worked out way better to increase my coverage on my term policy than it would be to have insurance on a mortgage and the wifes suv. Those rates don't drop no matter how much you pay off??
|