I’ve been doing research into whole life insurance policies and they seem like pretty blatant scams. However, most people seem to agree that a term life insurance policy down the road is a viable option. If I know that one day I’ll have dependents and that I’m in my 20s and healthy, why wouldn’t I take out a policy early? It would still technically make me money in the long run, although obviously not as quickly as any other form of savings. Wouldn’t I be able to get a policy for super cheap while still being able to invest aggressively elsewhere? Am I missing something?
Submitted August 31, 2020 at 09:07PM by changaroo13 https://ift.tt/32MMExo
