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Reply to "What a self made multiple millionaire would do in your shoes to increase your net worth."
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[quote=Anonymous][quote=Anonymous]Sorry, I don't think I was clear - we are not paying anything toward that crazy policy. FIL set it up ages ago (before I even met DH) and pays everything. It's not like we are paying the monthly premiums or anything. I am sole beneficiary in event of his death.[/quote] That's good. If your FIL is at all amenable to a rational conversation, could you approach him to stop funding the policies and gift you the premiums instead? You could purchase term insurance and invest the remainder. If he won't, he wont - it's his money - but if his intention is to pass it along to his son and grandkids there are much, much better ways to go about it. [/quote]
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