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to be used for questions related to life insurance.
15
votes
How to replace a whole-life policy?
You seem to have a solid understanding of whole life policies, and their drawbacks vs term life, vis a vis cost.
From a tax perspective, if you are at a level of wealth that you aren't planning for yo …
2
votes
Does this very cheap traveller insurance make any sense?
In general, insurance is a net good for you when it covers catastrophic losses that you would otherwise be unable to properly pay for yourself. See more here: https://money.stackexchange.com/a/77570/4 …
24
votes
Universal Life Insurance or Term Life Insurance?
Pete has a good answer already, but I will add 2 separate thoughts for you to consider:
First, go ahead and google "World Financial Group". Google will autocomplete this to "- scam?" This is the firs …
108
votes
For very high-net worth individuals, does it make sense to not have insurance?
I think the key to this question is your last sentence, because it's applicable to everyone, high net-worth or not:
How would one determine whether they are better off without insurance?
In gene …