[Telly]

Hi Rachel,

I have kept investing, and life insurance, totally separate. *I view most insurance "investing" schemes as just that, schemes. *They are a big benefit for the insurance companies, $$$. *I think it was Scott Burns that once remarked that the biggest buildings in many cities are insurance companies...

I have term life through a professional organization. *The rates have been low for the coverage, and dividends large, so my actual yearly premiums have been quite low. *That is now starting to change since I passed the 50 mark, but I figure I'll drop it in a few years anyway. *I see the purpose of life insurance as allowing the surviving spouse/children if at home the ability to keep on for a while. *Not to build a legacy to pass on to heirs when I'm real old and die.

I should add that insurance schemes that include "investing" are also profitable for the agents selling them! There are financial advisors of all stripes that try to sell these things too. The commissions are good on those plans!