Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Is a Whole Life policy for children with a disabled parent a good idea?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]What is the coverage on the plan? If it's a $1M policy for life--then sure, not a bad investment, assuming the company is likely to be around long-term. But if it's only $200-$300K (as I suspect it is) you are better off investing that money. You'll pay ~$50K over the life of the policy. At a relatively conservative 5% yield, that would give you $200K+ after 30 years. With more aggressive investments, you might have closer to $1M in that same time period. And if the child lives a normal life to, say, 70, it would grow far more. It isn't so much about whether the child will need life insurance, but about whether this investment is a reasonable way to get that financial security.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
