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SW Iowa | No, I am telling it like it is.
Crop insurance, health insurance, property insurance all are necessary evils in the payment world (well crop insurance is optional).
But life ins is a business for others to profit from your fears of the unknown life ending events of which, what arre the odds of dropping dead or in a life ending accident, ever happen? Especially if you and your family are healthy and taking care of yourself? 1 in 10,000? 1 in 100,000? I don't know, but those insurance companies sure do, and that is how they make their money, on the odds. And if the payoff(s), such as a natural disaster) gets too large such that it could threaten their company solvency, they go BK, and to H with you! Don't be a patsy. If you feel you must, get a very small, whole life policy on your kid and figure on it being a tax free gift to them until they have to start picking the premiums up, but I sure wouldn't go whole hog like a lot of the posters above recommend.
And this Dave Ramsey character has been BK once, walking away from $1 million in real estate bank debt...Do you want to follow his advice? | |
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- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - cropdude : 2/3/2014 08:42
- RE: Recently just had our 1st child: Next up, Life insurance! Help please! - foxtail71 : 2/3/2014 08:46
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - Ih scout : 2/3/2014 08:53
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - greencountry : 2/3/2014 08:59
- RE: Recently just had our 1st child: Next up, Life insurance! Help please! - gene_champ : 2/3/2014 09:02
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - reedfarmer : 2/3/2014 09:17
- RE: Recently just had our 1st child: Next up, Life insurance! Help please! - garywi : 2/3/2014 09:23
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - sflem849 : 2/3/2014 09:24
- RE: Recently just had our 1st child: Next up, Life insurance! Help please! - Farms With CASE : 2/3/2014 09:27
- RE: Recently just had our 1st child: Next up, Life insurance! Help please! - Itchy : 2/3/2014 09:42
- RE: Recently just had our 1st child: Next up, Life insurance! Help please! - ILviaIA : 2/3/2014 10:47
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- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - moonshine : 2/3/2014 11:11
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - onslowfarm : 2/3/2014 11:23
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - JK SCLA : 2/3/2014 11:52
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - kggonzo : 2/3/2014 12:17
- RE: Recently just had our 1st child: Next up, Life insurance! Help please! - NoTill1825 : 2/3/2014 14:04
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - cropdude : 2/3/2014 16:45
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - cropdude : 2/3/2014 19:20
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - OlsonKrist : 2/4/2014 15:03
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- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - 2+2 : 2/13/2014 10:58
- Re: Recently just had our 1st child: Next up, Life insurance! Help please! - 2+2 : 2/15/2014 11:44
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