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Reply to "Life Insurance-How Much and When to Drop"
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[quote=Anonymous][quote=Anonymous]It seems as if paying $200/month or so is worth it to end up with $1M. Maybe I'm figuring the math wrong?[/quote] Depends if you need the $1 million and how long you need to pay that premium in order to get it. If you have to pay the premium until age 90 then it's probably not worth it. Or if the premium level is going to expire at 70 and renew at a much higher rate then again may not be worth it. I look at insurance as just that - insurance in the event of an unexpected event that would impact family earnings. By the time I am 90, or even 75, we will hopefully no longer be working so the income stream will not be disrupted by a death.[/quote]
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