I said whole life, not term life. Although they are both insurance, their purpose is a bit different I think. The whole life policies can be used as a supplemental. It can be withdrawn at any time without penalty. And, you do not have to die to collect.
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Originally Posted by cmdrost
life insurance is a whole nother investment animal in and of itself with too many variables to consider, the main one being age.
Personally, I think you're better off managing your money yourself in a 401k and IRA then buying term life insurance for basic coverage.
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