Originally Posted by gr8vu

I am a big AAFMA fan and used them for years. I exchanged my 800k term that begins decreasing at age 50 and went with their 30 year term that is good until 75 for me--warning age 45 is your last chance to do this since term policies don't usually go past that age.

My wife's family all live into their 80s and 90s and I watched her grandmother try and live on a railroad pension for over 50 years that was not adjusted for inflation. She spent the last several in a rest home and had to be declared insolvent by the family to get social security to cover it. I have 7 kids so I don't want my wife to have to worry about a thing.

Do the math on how fast your premiums are paid back if the wife just gets a few years of payout.

I have always bought term and invested the rest and plan to be self insured. I also got a bonus when I found out my new job provide 560K free. But for my situation I rest easier knowing I have plan a and plan b covered at affordable costs to take care of the wife and kids.

As stated everyone has different factors.