- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Life insurance questions\advice
Posted on 9/29/17 at 9:19 pm to EA6B
Posted on 9/29/17 at 9:19 pm to EA6B
quote:
ame one that is applicable to the average person that is not going to die with a multimillion dollar estate or tax obligation from business ownership.
50 is not very old...
A lot of people are having kids later in life and kids are still dependent on parents income, and many grandparents are assisting with grandkids expenses (either taking care of them or helping with school costs)
People aren't saving enough and having a large debt (like a mortgage) is not uncommon in your 60s and even 70s, and their spouse cannot survive financially without their income.
People want to leave a legacy to family or an organization
life insurance is the most efficient way to pass money down to heirs
Great way to equalize an estate among heirs
Permanent life insurance has several tax benefits for people in the right position.
2
Posted on 9/29/17 at 9:44 pm to Slickback
quote:
People aren't saving enough and having a large debt (like a mortgage) is not uncommon in your 60s and even 70s, and their spouse cannot survive financially without their income.
People want to leave a legacy to family or an organization
Bro, those two things do NOT go together. People either leave a legacy and are debt free, or they don't. They really aren't going together.
Yeah OP Smoking ads a ton unfortunately. Personally, I would do something like $500k term life for 15 years and quit smoking. When you quit, get more.
Posted on 9/30/17 at 1:53 am to Slickback
quote:
A lot of people are having kids later in life and kids are still dependent on parents income, and many grandparents are assisting with grandkids expenses (either taking care of them or helping with school costs)
Why haven't they worked to accumulate adequate savings?
quote:
People aren't saving enough and having a large debt (like a mortgage) is not uncommon in your 60s and even 70s, and their spouse cannot survive financially without their income.
You make fun of people that follow Dave Ramsey, but if they had they wouldn't be in this position.
quote:
People want to leave a legacy to family or an organization
They could leave it from the net worth they have accumulated.
quote:
life insurance is the most efficient way to pass money down to heirs
The lawyer just gave me a check from my parents estate, seemed pretty efficient to me, few people have estates that result in tax liability.
quote:
Great way to equalize an estate among heirs
Like I said we each got a check for a equal share of the estate, seemed pretty efficient, but really have no idea what you are talking about here.
quote:
Permanent life insurance has several tax benefits for people in the right position.
Those situations are rare among the average person.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News