- Joined
- Jun 6, 2005
- Messages
- 2,175
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- 614
I'm in my 60s, and my current Life Insurance Policy's COST (hence 'premiums') are obviously getting HIGHER.
It fit me for years, but not as much now.
I am thinking of plunking down a One-time amount of money, and being done with it. (Single premium Policy)
I figure it'll be like 'savings' that 'they' (gov't, etc.) can't take away as I get OLDER, regardless.
I am inclined to buy just enough for it to cover my end of life expenses, etc. and a little more ---and just pay for it once.
I won't have to pay any more premiums, watch them RISE, etc...............
I'm not really looking for 'negative' thoughts on this---just want to know if others have done the same thing.
I guess I'm looking for reinforcement from those who maybe it was the way they thought was best for them, too.
BTW, looking to perhaps do it for my 3 years younger spouse as well (we have no children)---though her present 'cost' of insurance is about half of mine.
Thanks
It fit me for years, but not as much now.
I am thinking of plunking down a One-time amount of money, and being done with it. (Single premium Policy)
I figure it'll be like 'savings' that 'they' (gov't, etc.) can't take away as I get OLDER, regardless.
I am inclined to buy just enough for it to cover my end of life expenses, etc. and a little more ---and just pay for it once.
I won't have to pay any more premiums, watch them RISE, etc...............
I'm not really looking for 'negative' thoughts on this---just want to know if others have done the same thing.
I guess I'm looking for reinforcement from those who maybe it was the way they thought was best for them, too.
BTW, looking to perhaps do it for my 3 years younger spouse as well (we have no children)---though her present 'cost' of insurance is about half of mine.
Thanks