Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 10-09-2014, 07:58 PM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,288
Quote:
Originally Posted by ziggy29 View Post
Well, that's pretty much unanimous now, and hopefully OP has taken it to heart. ...
Well, he hasn't logged on since he posted the question. Another hit-and-run poster?

-ERD50
__________________

__________________
ERD50 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-12-2014, 09:33 AM   #22
Thinks s/he gets paid by the post
 
Join Date: Jun 2014
Posts: 1,035
Is there even such a thing as a good while life policy? I am conditioned to assume whole life is to insurance as nazi is to politics.

But maybe i'm wrong, are there a few small "good guys" out there?


Sent from my iPhone using Early Retirement Forum
__________________

__________________
dallas27 is offline   Reply With Quote
Old 10-12-2014, 10:37 AM   #23
Full time employment: Posting here.
 
Join Date: Jul 2011
Posts: 721
You should seriously think about buying the whole life insurance. Sounds like a great investment.

Just kidding!

Buy term and invest the rest is the answer I think you'll get from everyone here.
__________________
panacea is offline   Reply With Quote
Old 10-12-2014, 11:36 AM   #24
Full time employment: Posting here.
 
Join Date: Aug 2014
Posts: 555
I recall reading about using a whole life policy as a means of passing on an estate to heirs. Was presented as being cheaper than paying the estate taxes at the time. I didn't give it much thought since the dollar amounts involved were much higher than anything I expect my estate to be worth. Other than that, I can't say I've ever read a well reasoned article in favorl of whole life insurance.
__________________
ArkTinkerer is offline   Reply With Quote
Old 10-12-2014, 09:56 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,461
Quote:
Originally Posted by dallas27 View Post
Is there even such a thing as a good while life policy? I am conditioned to assume whole life is to insurance as nazi is to politics.

But maybe i'm wrong, are there a few small "good guys" out there?


Sent from my iPhone using Early Retirement Forum
Whole life can be very appropriate for estate planning and small business succession so a family doesn't have to sell the business or the farm to pay the estate taxes. It works well where one has a permanent need for life insurance, but most people's need for life insurance decays over time as the kids grow and leave the nest and they build wealth.
__________________

__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Why Cancelling An Existing Whole Life Or Universal Life Policy May Be A Bad Idea mickeyd FIRE and Money 8 04-21-2013 12:26 PM
should i get term life and a little bit of whole? dooo42 FIRE and Money 29 08-21-2010 12:07 PM
Cashing in 401k, pay penalties to buy whole life LOL! FIRE and Money 38 04-15-2009 07:07 PM
Buy the pick of the litter or buy the whole litter? redduck FIRE and Money 5 10-08-2008 08:44 PM
whole life insurance WM FIRE and Money 18 03-19-2007 08:35 PM

 

 
All times are GMT -6. The time now is 12:49 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.