Cambridge, southwestern Nebraska | I have converted a term policy to a whole life in the past few months. I was at the age I still wanted some insurance to cover some real estate loans on land I purchased last year. And for estate planning. I could be converted without a physical and was preferred. I knew I would not likely have this chance again.
I guess I'm not following the diversification part? I just have insurance for my needs but we did look at the premiums and if I live 30 years which would put me in the mid 90's The return would still be more than double what premiums are paid in. And if I died in 10 years the return would be 18 times the premium paid. |
Insurance revisited
