Cal wrote:
- quote -

What's your point? I have NEVER known a taxpayer to turn down a tax
refund check, but that doesn't mean that they shouldn't adjust their
withholding. Your argument above is for the weak-minded insurance
consumers that are similar to those taxpayers that "like to get a refund."

-Will

Cal wrote:
- quote -

Irrelevant to your remark.

- quote -

Yes, I absolutely would consider it if it were available. That is not
the same as "taking advantage" of it.

I have considered it for whole life vs. term and I have chosen term
given my cicumstances.

-Will

- quote -

No, I think I did. Cal, here's the answer to me which I can't argue against;

"Joe, you make some assumptions here. First, that the buyer of term will
actually invest the difference as you suggest. While you object to the
mixing of insurance and investments, I've found that such a large
percentage of term customers come back admitting that they squandered
the rest, and that they would have been better served by a whole life
policy which comes with a monthly bill, like any monthly bill it becomes
part of the budget, not discretionary money they can spend. Problem is,
you assume that most people have the savvy to understand how and why to
invest, along with the discipline to follow through on such a plan. In
reality, there are few that actually do that."


So, I am pefectly capable of seeing the other side of the issue.
JOE

"Cal" <cal-lester[at]comcast.net> writes:

- quote -

Which is fine. Then waste yer money, err, get the additional value
added that comes with whole life.

For the rest of us who, if we die at 70 years of age don't forsee
people needing $ upon our death, and would much rather have better
control investments, term life insures against untimely death and
allows your dependents to not be financially ruined in addition to
mourning your loss.

--
Todd H.
http://www.toddh.net/

"Todd H." <t[at]toddh.net> wrote in message news:84hcx2434e.fsf[at]ripco.com...
- quote -

Again, a supposition. I prefer to deal in GUARRANTEES
Cal Lester CLU

<woessner[at]gmail.com> wrote in message
news:1163515293.410543.263470[at]h54g2000cwb.googlegroups.com...
- quote -

Or the possibility that you become UNINSUREABLE during
that period......

Cal Lester CLU



But that will be offset by A) needing less benefit and B)
- quote -


======================================= MODERATOR'S COMMENT:
Please trim the post to which you are responding. "Trim" means that except for a FEW lines to add context, the previous post is deleted.

- quote -

The operative word here is "IF".
Cal Lester CLU


======================================= MODERATOR'S COMMENT:
Please trim the post to which you are responding. "Trim" means that except for a FEW lines to add context, the previous post is deleted.

Cal wrote:
- quote -

So what happens when your term policy expires? Well, there are 2
possibilities. Either you still need life insurance or you don't. If
you don't need insurance, so much the better. If you do need life
insurance, chances are you need considerably less insurance than you
did when you bought your previous term policy. So you adjust
accordingly. Of course, the premiums will be higher, because you're
older. But that will be offset by A) needing less benefit and B)
having saved a mint by not buying whole life insurance in the first
place.

Perhaps you're operating under the assumption that there is always a
need for life insurance? I don't share that belief, but I'm sure there
are many out there who do. Hence the market for whole life insurance.

--Bill

"Cal" <cal-lester[at]comcast.net> writes:

- quote -

For many folks (particularly parents of young children whose goal is
simply to insure against their own untimely death before their kids
reach college and can fend for themselves), if that the term expires
before they do, it would be entirely okay.

--
Todd H.
http://www.toddh.net/

woessner[at]gmail.com wrote:
- quote -

Thanks everyone, that's exactly the reason I am thinking about TERM, it
is cheaper and does satisfy the need, what I am trying here is to have
a reasonable amount of insurance for family, just in case any thing
happen to me my wife can take care of kids without having to worry too
much about finance, and same applies to me in case any thing happens to
her I have to make some tough choices between working full time or
spending more time with kids who are still very young (9 and 3), so in
other word it is bad enough that you lost your life partner the next
bad thing is to deal with finances, any suggession about which company
to go with, my (auto/home) insurance company keep sending me mail about
life insurance.

"Cal" <cal-lester[at]comcast.net> writes:

- quote -

No actually I didn't Cal.

There are a few levels of "on my own" to the layman. The first
priority is to have it be independent of a given employer since people
tend to change jobs a lot.

Group term life policies from a trade group, however, achieve that
goal with cost and terms benefits over individually underwritten term
life.

There are pros and cons, but it is an option that someone seeking to
have something outside of their employer should have a look at if
there's a professional organization to which they already belong that
offers this.

--
Todd H.
http://www.toddh.net/

"Will Trice" <wwtrice[at]paragondynamics.com> wrote in message
news:45591443.6050209[at]paragondynamics.com...
- quote -

Granted, but you are talking about a Casualty Coverage, not life.
In the same vain, would you consider paying a bit more for your
house insurance or car insurance, and receiving an income
for life at some later date if your house does not burn, or you do
not demolish your car????
Cal Lester CLU

<woessner[at]gmail.com> wrote in message
news:1163465460.460945.17180[at]f16g2000cwb.googlegroups.com...
- quote -

Neither you nor Joe take into consideration the fact that there is a
possibility that the Term Policy will die before you.................
Cal Lester CLU

- quote -

I do not want to beat this dead horse over again. You are obviously a firm
believer in TERM, whereas I am not. I DO believe that Term has it's place,
and when purchased intelligently from a knowledgeable agent, that it does an
excellent job.
BUT, to say that Term is BEST for all situations, is very dangerous. Oh by
the way, I have NEVER had a Beneficiary refuse a Death Benefit check when
the breadwinner died and there was already a great deal of money floating in
the market.

Cal Lester CLU

<woessner[at]gmail.com> wrote in message
news:1163465460.460945.17180[at]f16g2000cwb.googlegroups.com...

- quote -

Unless I am mistaken, it would be possible to do some fairly straightforward
calculations to settle this issue. Compare the value of whole life insurance
after a fixed time period to the value of term insurance plus an index fund
that equals the same amount of money. Such calculations could be more
meaningful in this case than similar calculations for other purposes,
because you are looking at a rather long time period and the temporary
fluctuations in the stock market would not bias the results.

Cal wrote:
- quote -

Bull. I have a need for insurance on my house. I won't regret having
had it if my house does not burn down. It still satisfied a need (i.e.
risk mitigation).

-Will

joetaxpayer wrote:
- quote -

I have to agree with Joe on this one. I think you're much better off
getting term life insurance and investing the difference (between whole
and term). Your investment can enjoy the benefits of the usual tax
shelters (401k, IRA) and you'll get a better rate of return than with
whole life insurance. And you can reduce your term policy as your need
for insurance decreases.

--Bill

Cal wrote:
- quote -

Cal, given that whole life policies often run 10x the cost of term, and
that logic tells me that one's need for insurance drops as life event
pass as I list above, you are welcome to elaborate on your view. As
one's savings increases and obligations decrease, it seems to me that
the windfall insurance would provide is un-needed, and the money better
spent.
JOE

<fin[at]toddh.net> wrote in message news:84ac2vjd7t.fsf[at]ripco.com...
- quote -

You missed the part where he states that he wants something "ON MY OWN".
Cal Lester CLU

- quote -

A VERY big supposition. Possible but YOU are taking the RISK rather
that the insurance company!!!!!!!!!!!!!!!!!!!
Cal Lester CLU