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Brown Cafe UPS Forum
UPS Retirement Topics
So I got this life insurance
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<blockquote data-quote="ajax25" data-source="post: 1321485" data-attributes="member: 53217"><p>The cash value if a life insurance policy is simply this: the total of what you out in minus the cost of the insurance + the interest that money makes= the only way to really make whole life policy work at your age is to over invest on it, put as much in as you can (there are limits) then eventually you will have a nice wad of cash to work with and you can choose to either take it out (usually tax free) or have it added to the amount of death benefit. I would tend to agree with the previous posters, at your age but term insurance and invest the difference in what you were paying. Have enough coverage to pay off any debt you might have and to bury you. your debt can be rolled over to your family (even your parents) I used to sell life insurance for a living and that is what I always recommended to anybody your age. I would guess that you could get something like a $250k 20 yr term policy for about $20-25 a month</p><p></p><p></p><p>Sent using BrownCafe App</p></blockquote><p></p>
[QUOTE="ajax25, post: 1321485, member: 53217"] The cash value if a life insurance policy is simply this: the total of what you out in minus the cost of the insurance + the interest that money makes= the only way to really make whole life policy work at your age is to over invest on it, put as much in as you can (there are limits) then eventually you will have a nice wad of cash to work with and you can choose to either take it out (usually tax free) or have it added to the amount of death benefit. I would tend to agree with the previous posters, at your age but term insurance and invest the difference in what you were paying. Have enough coverage to pay off any debt you might have and to bury you. your debt can be rolled over to your family (even your parents) I used to sell life insurance for a living and that is what I always recommended to anybody your age. I would guess that you could get something like a $250k 20 yr term policy for about $20-25 a month Sent using BrownCafe App [/QUOTE]
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So I got this life insurance
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