re: Life insurance questions\advice

quote:

---

I work hard to ensure that I leave a sizable eatate to my kids and their mother. Part of that strategy is a UL policy for tax mitigation once I am dead.

Anyone that has, or plans to have, assets in excess of $1MM needs to ensure there are not tax issues for your loved once you are dead.

---

LOL, what? You can leave $5.5 mil before death taxes per person, so a couple is $11 mil. How many people have over $5.5 mil? A low percent, and furthermore those that do are not appropriate for this thread as their level of wealth needs different advice.

Again if you WANT insurance, fine get it. I don't care. But you don't NEED life insurance. Big freaking difference.

Insurance is meant to cover the costs of things you can't afford to pay for. Using it as an "investment" is not what we are talking about here. Op was talking about insuring that his wife and kids are taken care of should he pass away while they still would need his income.