Continue to Invest?

[DJD]

Does this new Term Life Policy have a name? I'll check into that. Any ideas on what it costs for 100k-200k?

[GeoFisher]

Does this new Term Life Policy have a name? I'll check into that. Any ideas on what it costs for 100k-200k?

Return of Premium Life insurance............most major carriers offer some version of it......

STILL not a good investment vehicle.

You pay premiums for 40 years.............1200 a year.......you get that back........and sometimes a little more.....but NOT much.

Take that same 1200 a year for 40 years, and it is worth WAY, WAY, WAY MORE........about 300K more.

Later,

Geo

[cra97]

Return of Premium Life insurance............most major carriers offer some version of it......

STILL not a good investment vehicle.

You pay premiums for 40 years.............1200 a year.......you get that back........and sometimes a little more.....but NOT much.

Take that same 1200 a year for 40 years, and it is worth WAY, WAY, WAY MORE........about 300K more.

Later,

Geo

Geo,

I am sorry that sounded like I was suggesting this as an "investment", because I am in NO WAY , meaning to do that at all!! I am suggesting that as a "replacement" for ordinary "term life", which I DO believe has a place in everyones portfolio who is under 50 yrs old (assuming they are not "debt free" or rich) and wants to leave their families with enough to pay off their debts, future "major" expenses (ie. college, weddings, ect), and some to life on until they can get back to a "normal" life after our passing. These would STINK as an investment, for the reasons you mentions, which I agree with you on 100 and 10%. I just hate paying for my term life and knowing I am NEVER gonna see ANYTHING from it unless I die (which I rather not do yet . This is, in my humble opinion, as good alternative way to "pay for the safety of my familiy if I die" and still get my premiums back if I do not. Granted, the trade off here is you do NOT get any interest (at least on the ones I have seen), but you do get what you put into it back at the end which is a WONDERFUL alternative to a "normal" term life where you do not get anything at all back if you still alive when it expires.

Again, sorry if I came off as saying that was an "investment" option, because I really think it should NEVER be considered for THAT reason.

On another note, it is nice to see that there are so many people "contributing" to this discussion, it shows how much we could all help each other with questions outside of just fishing. I am impressed with the knowledge base I see within the responses here on this topic (and, no I am not trying to say I thought you all were dumb, just the average "joe or Jane" on the street probably could not contribute to this thread in a "educated manner"). I am finding myself coming to this thread each day to see what other people think and am very happy to see the responses, some of which are VERY insightful and thought provoking. Please keep thinking about your, and your families futures, as if today is the last day the Lord will give us, because as we can see from recent events, it just might be and then our families will wish we had "prepared" things for them better. I have, to be honest with myself and you all, been sitting around "saying" I need to get some term life and this thread has pushed me into action. I appreciate the nudge and help guys. Good luck and I am around if you ever wanna talk "plans and portfolios".

Rob

[greenriverman1]

I am 53 years old and have in the past year read 2 of Dave Ramesey's books. I was amazed. If I was 20 again I would have a fat bank account by now. If you are in debt over your head read Dave's book. He tells it like it is. After reading his book think about the banks and the bail out.

DA