In Nov. 2015 I was diagnosed with stage iv rectal cancer that was deemed inoperable. To make a long story short I made it to remission somehow, but after only four months the cancer came back in my liver and lung (this was in Feb of this year). I have a life insurance policy that will pay out $150k when I die, but I honestly want to use that money now for things such as my dream car ($60k...don't lecture me), some vacations, and just random stuff that I want to do.
I am currently working in a sales role with a salary, great insurance, great benefits, and I can always go out on disability if I wanted to or needed to. So I still have money coming in which would be a salary of $30k/yr base, and whatever accounts I sign. I have around $22k in my bank account, and I am also going to sell my two cars that I have for a combination of about $20k.
Do you think it is a good idea for me to sell my life insurance policy for about 80% of the value, or should I just use whatever money I have and finance my dream car and pay for vacations on my own?
Submitted October 01, 2017 at 02:37AM by iFroodle http://ift.tt/2x6BSjG
