Reply to DCUM Hive Mind: Can I get rid of my term life insurance?

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Reply to "DCUM Hive Mind: Can I get rid of my term life insurance?"

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[quote=Anonymous][quote=Anonymous]Drop it and concentrate on investing the money yourself as you see fit.
I'd get rid of the rental also unless someone from the family will live in it in the future. Very small chance it will increase in value or have bigger returns that the stock market. Money printing will continue.
My partner passed away when our child was 9-years old. The SS we get til the kid is 18.5 is very big help. I'm not even going to bother with the $110k life insurance that was through work. It is sitting somehwere waiting for the kid to turn 18. 
I concentrated on maximizing tax credits/deductions, investments, retirement, and learning all I could about the markets. It paid off within few years. I get very high returns now. [b]Insurance and investing could have gone hand in hand, but I don't see it in your case.[/b]
Your kids are older. Drop it, learn to invest, and show the kids how you did it. [b]You don't want your kids wasting 25 years on insurance they most likely will never use while also not learning to get bigger returns that market's 10%.[/b][/quote]

Here is a poster who doesn’t understand how insurance works and probably can’t give you reliable advice about investing either.[/quote]

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