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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 …
Grade 'Eh' Bacon's user avatar
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 …
Grade 'Eh' Bacon's user avatar
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 …
Grade 'Eh' Bacon's user avatar
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 …
Grade 'Eh' Bacon's user avatar