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slap me silly
Nov 1, 2009
Grimey Drawer

Boon posted:

Near as I can tell, at my current age, I'd be much better off taking the monthly charge and investing it.

Yup! You're neither rich enough nor old enough for whole life policies to give you any tax advantage. Their primary purpose is putting money in someone else's pocket, anyway.

Doesn't sound like you need life insurance at all, either.

A good general principle is, if you need life insurance, buy term life insurance. If you want to invest, use cheap broad-market mutual funds. Don't mix up the two goals.

More: This guy writes a lot on this topic and generally knows his poo poo.

slap me silly fucked around with this message at 23:56 on Apr 27, 2016

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