Originally Posted by
BFMthisA10
Run the numbers including actuarial tables. SBP is in the same ballpark as whole life in terms of crap investments. Like redux or anything First Command: looks good on paper, ...and thats about it.
Im not sure its quite so black and white, but love to see your numbers.
My take was it depended on individual risk tolerance. If I die tomorrow and my wife lives to expected age, huge win. Other scenarios, not quite such a win.
My CFP father in law ran the numbers for what it would cost to purchase an equivalent annuity and concluded that it was an extremely good deal. If you are not an annuity fan (quite reasonable position) then this is a pointless observation.
I really think it comes down to individual tolerance, no one size fits all answer. Though I agree whole life sucks.