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I'm not a financial planner, but life insurance is great in only limited scenarios: 1) purchased for an infant when it is dirt cheap. Great for young parents who lose a child and also nice for the child through their entire life. 2) provided dirt cheap by your employer to cover lost income to your family 3) a small policy later in life. Great way to amortize funeral expenses, especially if you think you will die sooner than the actuaries do. buying it just to buy it is literally betting that you will die sooner rather than later.
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Apr 28, 2016 04:58
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| # ¿ May 17, 2024 00:34 |
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