Comments on: ¤How Much Life Insurance Should You Have?¤

By: October 2009: Financial Progress Update

October 2009: Financial Progress Update — Mon, 02 Nov 2009 12:03:45 +0000

[...] How Much Life Insurance Should You Have? [...]

By: Financial Samurai

Financial Samurai — Tue, 27 Oct 2009 01:46:21 +0000

I think whenever you mix two different purposes (investment vehicle, and insurance) you just end up paying more in fees. I think if someone really spent the time to break down a whole life insurance, probably less people would participate.

So in essence, the consumer is “paying up” for a bundled service so we don’t have to look at too many things.

As long as you have your insurance coverage to cover at least half your debt obligations, that’s probably all that matters. Paying the mortgage is the biggest worry I have for my wife, but she can always sell the house.

By: Green Panda

Green Panda — Fri, 23 Oct 2009 23:22:43 +0000

EoW, I got most of the information about life insurance from MSN, Smart Money, and Dave Ramsey’s site. That particular statement about face value on whole life I found on Dave’s site.

Thanks for sharing the Life Insurance Secrets post.

I found your explanation eye-opening especially your comments on the cash value on whole life insurance.

“These premiums are also where the rumors arise with cash value in life insurance. These target premiums produce small returns and can take 15 years to produce positive results. “

By: Evolution Of Wealth

Evolution Of Wealth — Fri, 23 Oct 2009 14:43:21 +0000

This is the second time I’ve seen you post it, am I still confused. I hate to be repetitive because I think I asked the same question before. Why do you say that with a whole life policy you only get the face amount and not any of the cash value? The true structure of a whole life policy is an increasing face amount that pays out a majority of the cash value on top of the original face amount. The problem with participating whole life insurance, most of the time, is not the policies themselves but the agents selling them. I did a post on this titles “Life Insurance Secrets” It’s probably more of a rant but I look forward to hearing what you think.

By: Friday Links | The Canadian Finance Blog

Friday Links | The Canadian Finance Blog — Fri, 23 Oct 2009 12:48:54 +0000

[...] Green Panda Treehouse asks how much life insurance should you have? [...]