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Reply to "Anyone buy whole life insurance for young adult dc?"
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[quote=Anonymous][quote=Anonymous]My grandpa signed my dad up for life insurance when he was eight weeks old, so that he could not be denied for pre-existing conditions. My dad 87 and it's now worth 1.5 million when he dies. So no, I don't think you are crazy. Cheaper to do it now that when he gets to be forty with kids and realizes he needs it and already has high blood pressure.[/quote] OK, can you calculate how much the same amounts would be worth now if they had been invested in the stock exchange instead? Yes, you are crazy. This is only for the UHNW or the ignorant.[/quote]
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