harley
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We have a 30 year term life policy on me that I bought 23 years ago, back when we would have needed to replace my income. I've played with dropping it, as it's really no longer needed (been FIREd for nearly 17 years now). But it's pretty cheap, the rate never changes, and it's a comfort to DW. So we left it in place. However, my health has taken some really serious turns for the worse over the past couple of years. I always expected to die young (I had a lot of too much fun in my life, plus bad genetics), but last year I was thinking this could be it. I've made some progress, and am doing a bit better, but I'm figuring that I could easily die before the policy runs out. The little bit of extra money won't ease DW's pain, but it would be nice to have. That's one reason I'm holding on to it. The other reason is that I never win bets, so keeping the policy pretty much guarantees I'll live another 7+ years. So it's really cheap at that price.
From a financial POV, I'd say drop the insurance. But from a domestic tranquility POV, go with whatever makes DW comfortable. Spend some time trying to convince her, but if she's solidly against it, pick some other battle.
From a financial POV, I'd say drop the insurance. But from a domestic tranquility POV, go with whatever makes DW comfortable. Spend some time trying to convince her, but if she's solidly against it, pick some other battle.
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