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| Need some smart people to help me out here. I currently have a term life insurance set up to save my family in the case of my death. I bought it when I built a hog barn 6 years ago and now it looks like I'll be building another one within a year or so. I've stumbled across a "Return of Premium" term life policy and am hoping some real world knowledge exists around it. I am 32, plan on raising hogs until about 55 then handing over to a son, selling, shutting down, not screwing around with it anymore. If I have to pay a little more, but could get the paid premium back a year or so after I quit raising hogs that sure seems like it would be a winner and give me one last push of income. Of course I still plan on crop farming at that point.
Can anyone give me the good bad or ugly of these policies and who is good to do them with? Thanks for input.... | |
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Return of Premium life insurance
