Quote:
Originally Posted by GrabberGT
Thanks. This covers Term Life. What about Permanent Life Ins. policies?
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I'm just not a big life insurance guy -- but I'm in a lot different boat. I've only ever used Term life.
Look at life insurance this way -- you give money to someone else -- they manage it and make money off of it - and then they gamble that you're going to keep paying them for a bazzillion years (most don't) and they might have to give you some money back.
So - it might be considered "forced savings" for those that can't save but will "pay the bill".... but no matter how you cut it - it IS NOT a good "investment".
Use it for what it's for - and INVEST in stuff that will make you money.
Just my opinion.