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East of Broken Bow | I agree, there are a lot of investments that have a better rate of return than a life insurance policy.
However, a life insurance policy can keep your wife from having to sell the farm if you die early.
I don't know why people have the idea that it is an 'investment' with the idea that in 50+ years you'll have a good return on your investment. It is a guarantee that your wife/kids will have a way to pay off the farm if you kick the bucket at a young age. Looking at it as an investment to the age of 80 is not a fair comparison, unless you also factor in what your other investments would be worth compared to your life insurance if you die at 30.
Edited by HuskerJ 3/18/2023 12:30
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Insurance revisited
