Insurance
Using Term Life Insurance as a Unique Savings Plan
By Investment Moats  •  February 14, 2021
In my last post on the true reason to choose term life insurance over a whole life, I explained that in order to obtain adequate coverage for a typical family person, it will be quite challenging to do it with solely whole life insurance. I have gotten a range of feedbacks but generally, some readers were unhappy that my views were so slanted against whole life. There were also comments that stated there were some nuances that I should have considered. I decided not to sit on the fence because I got sick hearing of all friends and ex-colleagues that were underinsured because they have $XXXX and their personal planners recommended them policies that take away all their cash flows yet not covered enough. I think I have explained my stance and if whole life is really that great here is something to try. You know, a common risk of pre-mature death is when a spouse passes away, the surviving spouse will have to take on the burden of the home mortgage....
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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