Reply to Unpopular Opinions

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Life insurance is a racket.  If each spouse has a career and you live within your means, then you have no need for it.[/quote]

That's not an unpopular opinion, it's the right one. Term life is the only thing you should have. never whole life.[/quote]

One one hand, you agree that life insurance is a racket and people don't need it.  On the other, you say people *should* have term insurance.  Please reconcile.

The first opinion is idiocy.  Yes, a small subset of the population has no need for life coverage.  But the the rest of us, who have a mortgage, and college to pay for, and families we love, it's lunacy not to have it.  We make about $500k HHI; about 85% of that comes from me.  If I were to drop dead tomorrow, of course my wife and kids would need life insurance.  We live well within our means, but that does not mean that her salary can cover everything.  We're not banking my salary now and living off hers.

This was not an unpopular opinion, it's a stupid opinion.  [/quote]

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