[quote=CDMA ENG]We went through this exercise a year ago… I asked the same question…
Result… Get Term…
Even the guy I bought whole life from finally admitted that for a investment it was a pretty poor choice.
I have two terms… one through Northwestern and the other through work.
Depressing… I am worth far more under a bus than riding in it.
CE[/quote]
Generally agree…the estate tax exemption has gone up over the years and again, unless you are worth upwards of 3-5 mil (I forget the number exactly since I’m worth nowhere near that and it won’t affect me currently), you probably won’t get much/any benefit from any of the permanent insurances. If you are worth a LOT though, definitely talk to someone who is fee based/hourly and figure out what will happen to you/assets if you have more than you will need in your lifetime.
I get asked this question from time to time from family/friends having worked in the industry before and a lot of it is almost meant to purposely confuse/complicate the situation for most of the 99% folks.
Should still look at a trust if you own housing in CA, durable power of attorney for finances I think it’s called, the medical directive thing, etc…
