Originally Posted by
MaydayMark
Good question ... it'll be interesting to see what what folks have to say.
Several years back ALPA recommended taking a pass on the annuity for the wife and instead spend the $800/mo. on a big life insurance policy.
I have heard this too, but when I checked on a 1 million dollar universal policy with a 'regular' (non-preferred) health rating for a 64 year old non-smoker, the cost was between 2 and 3 thousand a month (Pru, Lincoln Financial, Transamerica, AG, etc.). I guess you could roll the dice on a 20-year level term policy and hope he/she (being politically correct and all) does not outlive it, then the $800 a month is possible.
Originally Posted by Anthrax
Don’t be so quick next time in championing a dog of a contract.
Yeah, we got it rough.
