20 Year/$1,000,000 Term Life Policy Question

[evanburnside12]

@resjudicata And how do they actually correlate with long term returns? Answer: negatively. Especially when we're talking about market average multiples.

 

[resjudicata]

@evanburnside12 At times. But there is room to grow. And since you want to use correlation. Do you not believe in negative correlation?

 

[lightacandle]

@javelinda Solid answer. One size doesn't fit all.

 

[sav3dbyhim]

@delling1000 Do you guys believe that you’ll live longer than 20 years? There’s better ways to waste $600 a year sir.

 

[delling1000]

@sav3dbyhim We do, but as we are starting to plan for a family, we were thinking to get term life insurance in case something happens to either of us.

 

[sav3dbyhim]

@delling1000 And I promise you sir, you’re an amazing Man & your future family will thank you for having the forsight to protect them. You rock.

 

[sav3dbyhim]

@delling1000 …if you don’t mind me asking…are you familiar with the different types of life insurance available? Term insurance is kinda just for people who can’t get ample life insurance. It’s a lot cheaper for the reason that there’s no real benefits or a non-forfeiture value…

 

[resjudicata]

@sav3dbyhim That’s completely wrong and I don’t think you should say things that aren’t true. Term insurance is actually harder to get approved for than traditional whole life insurance. And most Term policies now offer living benefits, so like he said, he’s starting out a family and wants to have a safe and secure policy that’ll cover him or his wife in the event the unthinkable happens while raising his family

 

[sav3dbyhim]

@resjudicata Like what living benefits specifically supplemental health insurance?