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 "Anyone buy whole life insurance for young adult dc?"
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][quote=Anonymous]Suspicious to get life insurance on a kid with no income and no dependents to support with you as beneficiaries. Honestly just put it in an account for them to use later in life [/quote] The old reasoning used to be, was to ensure you had some insurance should you ever become "uninsurable" later in life (cancer, etc). So I had the $50K plan my parents paid on from age 8+ and I sold it at 25 once on my own, after purchasing Term plan to get us thru 30 years. It was a waste of money. And we ditched the 30 year term once our kids were into college (and college fully funded) as we are now UHNW and it's not a need at all. [/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
