N2TRKYS What would you do? If you had $50 to spend on insurance a month. You could buy a cash value policy For $50 a month that is worth $50000 if you die. If you die you get $50000 the insurance keeps the cash value. If you bought $50000 term policy it would cost you $25 a month. You put the other $25 in anything else IRA, bank savings account. A can in the back yard. If you die your wife gets $50000 plus she gets to go dig up the can in the back yard. What makes more sense?
You have to die in that term, right? If you don't die during the term, you don't get the $50000 and you're out the $50 a month. If you want to re-up your term policy, the cost will be higher due to age. Also, you may become uninsurable due to illness.
