Reply to Anyone buy whole life insurance for young adult dc?

Forum Index » Money and Finances

Reply to "Anyone buy whole life insurance for young adult dc?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][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]

But how much was paid on the policy since your dad was 8 weeks old?  In reality, you most likely could have invested that money (minus the cost to buy a 30 year term when you are 25/30) have much more than $1.8M now.

only reason to really do it is pre-existing conditions issues (especially if you have family issues that could happen)[/quote]

I have no idea how old this person's dad may be, but the stock market was lower in 1983 than it was in 1967.  You are assuming the market always goes up, but I would not be shocked if this person's grandfather was alive during the great depression when the market didn't return to 1929 levels until 1953, and again the market was lower in 1983 vs. 1967.
[/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