Originally Posted by
feltf4
Want to hear thoughts on life insurance.
Currently don’t have any. Married. kid. Low 30’s. I know there are plenty of arguments for getting it vs not. I’m leaning toward NOT getting a policy. We currently have plenty of financial cushion. Live simply. If I take a long dirt nap, I believe my family be able to get on with out a $1-2 million policy.
Okay, then do you have $1-2 M in cash and equity in other interests? If not, then please consider a whole life policy, as you will build equity in it. Term life is like buying car insurance, or sending money through Western Union-once it's gone, it's gone!