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re: Northwestern Mutual - Should I?

Posted on 8/18/14 at 6:35 pm to
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 8/18/14 at 6:35 pm to
Maybe I'm the idiot but term life is like $37/mo combined for my wife and I with a total policy value of $850k. Seems like a no brainer.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 8/18/14 at 7:49 pm to
quote:

Maybe I'm the idiot but term life is like $37/mo combined for my wife and I with a total policy value of $850k. Seems like a no brainer.


I am all for term life, and have nothing positive to say about cash value products, but have long given up arguing about it on here. I was just making the observation that from the other poster's comments it seems like they may have the two types of insurance confused.
Posted by Dr Rosenrosen
Member since May 2006
3351 posts
Posted on 8/19/14 at 12:37 pm to
Agree about term vs UL. I prefer ROP term, though most do not.

Life insurance policies are a poor vehicle for asset growth IMO. UL only makes sense if you are older and have a very, very large estate. This will eliminate 99% of people.
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