plowboy
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Yes I do and the reason being, I'm going to die someday and the wife and kids shouldn't be burdened with the burial or unpaid bills. I get life/disability insurance with large loans to ensure no loss of any property, to keep the wife from having to sleep in the streets in my absence |
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Doing the Right Thing
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I have a 30 year term insurance. I bought it because I believe I don't need life insurance forever. Your financial obligations decreases over time, your children gets older and more independent, and your mortgage should be paid off in 30 years. Since term is so inexpensive, I am able to save money in my Roth IRA, which are invested in mutual funds. In 30 years, it is expected that my investments will be worth around $1 million (plus or minus $100k) |
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Aktero
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I believe it but i've no insurance. |
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mei-lin
 |
Yes, I have life insurance. It was originally purchased for me by my parents. I have continued it because I do not want to burden anyone with last expenses or debt. |
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mafahiim
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life insurance is a proof of non-selfish situation. I love my wife, that is why i have life insurance.
if something bad happened to me , when she get old and wont be able to work, situation will be bad for her.
that is why i have life insurance. |
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Katterine Pitt
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yes
no
1 no
2 no need
3 n/a |
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mbrcatz
|
Yes, and yes. I have a GOAL with my life insurance. My goal is to get my kids through college. I will KEEP my life insurance, until my kids are through college. Then my goal is met - I don't need life insurance any more, as I have enough in the bank to bury me.
What MOTIVATED me to purchase term coverage? The desire to see my children get through college. |
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Big Bobby Clobber
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I have life insurance. I have a lot of motivating reasons.
1. One policy has a charity as the beneficiary. This automatically leaves them a generous amount of money when I die.
2. It creates an instant estate. When I die, there will be money available for my family.
3. It shows good financial management skills to lenders. |
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hthwang3
 |
I got a VUL policy through my advisors at Moreland Capital Management. I think it is a great way to protect your family and my policy increases cash value that I can take out in emergency situations. My advisor's number is 208-578-7931, they can help you with any questions you may have.
hthwang |
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