[quote=FlyerInHi]I don’t have life insurance because I have nobody to give the money to.
But if you buy life insurance early, say in your 20s, is it cheaper and is the term longer?
Also, if you don’t go hot air ballooning now, but go later and die of the balloon falling to the ground, does the insurance pay up?[/quote]
the question was whetehr i plan to hot air balloon. so if i own a hot air balloon and dont disclose, or had a reservation, or that was something that could be show n to be my thing, i think theyd contest it. but now i think i can go. but i o not want to go.
you buy a term; 10, 20, 30 years. it’s cheaper when you’re young because your odds of living are better. once you hit 60 and up, the hyperbolic curve of rates ascends. that means with every passing year, your luck is running out.
unless you buy whole life; but thats more complex…we spent a few days on that in tax law class. i cannt remember much…theres an investment component and a term insurance component. and something…but theres a definite payout. i dont know…
