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re: Opinions on life insurance for your kids?
Posted on 1/28/15 at 11:33 am to Glock17
Posted on 1/28/15 at 11:33 am to Glock17
quote:
I believe my agent said if 30 years down the road they wanted to increase the coverage it could be done with out providing any proof of insurability....
Can he really bind himself to that, though, 30 years down the line? I'm not sure how that would work exactly.
I'm not really meaning to "shite on" anything, and I suppose there are plenty of worse things to with such a small amount of money, but I still don't really see a decent point of doing this versus just setting that money aside in another vehicle for them.
1
Posted on 1/28/15 at 11:34 am to Y.A. Tittle
If that was how the guy put it, he was really doing a bad job of selling it. I'm assuming the kids are real young, so he is saying when they are in their 30's they can buy more. He just was not getting very specific. Most Insurability Riders allow for purchases every couple of years starting at a certain age.
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