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[quote=Anonymous]OP here...

Thanks for all the responses so far.

1. If you or someone you know "self-insured," how much did you set aside per person and in what sort of instrument did you invest it? Obviously, it would have to be something low risk to guarantee it will be there.

2. Forgot to mention, but for the PP whose parents' policy's coverage increased, there are options for "inflation" protection, usually from none to 5% compounded.  Of course, all that protection comes in the form of a rider with additional cost.

3. Another twist: in theory, traditional policy premiums can be deductible, but  because of the new tax law, we didn't take the itemized deduction in 2018 and probably won't in the future unless the tax law gets changed again.

I'm sitting here with a spreadsheet of more than a dozen policy options.  Naturally, many use different terminology, making it difficult to compare them.  I asked the rep/sales person what he would recommend and he said "traditional" because it's less money up front.  But that may say more about the commission structure than what's actually best for us.

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