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Roseglen, North Dakota | Correct, feather. Life insurance is just a tool/band aid in most cases. Depending somewhat on the value of the farm of course.
But while farms worth tens of millions aren't the norm, there's a lot of them that are that size, even in dry ND.
And who has $20 million worth of life insurance?
And premiums locked in for 40 years that are affordable? Noone.
Life insurance is not the answer in buying a good sized farm. | |
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To the young guys- inheritance