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re: How much life insurance do you have?
Posted on 5/8/23 at 6:23 pm to evil cockroach
Posted on 5/8/23 at 6:23 pm to evil cockroach
$3 million on myself
$500k on my wife
$500k on each of my children.
$500k on my wife
$500k on each of my children.
Posted on 5/9/23 at 1:03 pm to MrLSU
I'm kind of confused why a parent would insure a child. A child costs money and doesn't create income. It feels morbid, but as a cost issue your finances would improve on thr death of a child over time, so the insurance doesn't make sense to me. It's completely different than if I die and my policy is used to take care of my kids.
I've read that perhaps a better rate for the kid when they become an adult, but I doubt that's hugely beneficial considering all other factors.
I've read that perhaps a better rate for the kid when they become an adult, but I doubt that's hugely beneficial considering all other factors.
This post was edited on 5/9/23 at 1:07 pm
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