Smart! Paying for the cost of everything before we go is the biggest thing you can do for your kids. Definitely a plan I need incorporate.I have 2 policies on myself and one on each of my children. My plan is eventually pay for my funeral cost before I go, so my kids don't have to have worry about it. I think I mentioned this before, but that's how my grandmother had everything set up for herself, my grandfather, and her mother before she died.
Smart! Paying for the cost of everything before we go is the biggest thing you can do for your kids. Definitely a plan I need incorporate.
ThisNot only that, it also eliminates all the planning for the funeral as well. Everything is already picked out (casket, tombstone, program, etc.) so your family members don't really have to do much once that times comes. So no family members fighting over what they think you would want...
Don't most have that? Trying to find a policy without a two year gap for my dad has been very hard. If you wait to late or got health issues omg the price is crazy. He talking about he just wanna be cremated and it will be cheaper too.get whole life asap
and make sure it doesnt have a 2 yr waiting benefit
Don't most have that? Trying to find a policy without a two year gap for my dad has been very hard. If you wait to late or got health issues omg the price is crazy. He talking about he just wanna be cremated and it will be cheaper too.
is this true?
“Let’s say Greg gets this $250,000 whole life policy at 30 years old. He pays $260 per month, with $15 going to the insurance and the rest into that savings account with a 6% return rate. After 40 years of paying way too much for his insurance, Greg is 70 and has $250,000 in insurance and roughly $488,000 in cash value. Then, Greg dies. How much does the insurance company pay out to his wife and kids? $250,000. But wait, what happened to the $488,000 of Greg’s hard-earned savings? The insurance company keeps it.”
No policy/ 64does he have health issues?
how old is he?
No policy/ 64
Ok thank you! I will start looking more into this.he can get whole life with no 2 yr waiting period
they will just check his medical history (hospital stays, major surgery, smoking) “etc”
he just may have a high premium