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South Central MN | Yeah I wouldn't recommend a large amount for whole life, only have one to cover funeral expenses. Mine builds value that can be pulled out later, thanks for the heads up on them screwing someone over! Might depend on the level of screwing based on the company that it is though, mine is State Farm... Cheaper than what I thought it would be as some can be pretty $$. Most financial operations (banks, insurance companies, ect.) don't explain any other options, can see why...
Using term for if something happens while I'm still farming, that way if I go suddenly at least the bills can be paid for a year.
Any other good options to save up for a funeral especially for someone who can't afford to prepay the whole chunk now? Guess start putting money in an account that generates at least some interest, that is the problem as too many don't even give enough return to make up for average inflation. | |
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Prepaying & making payments on final expenses
