Insurance experts..need help

[Buehler445]

Originally Posted by The Bad Guy

I won't put in my SS when I do them.

I just have to decide if we want to a whole life or term plan. I think I have a whole life, but I keep reading the negatives.

Basically the negatives are inflation.

What I have is a 30 year term plan that I can roll into a whole life plan at any time without a change in premium and no required health exam. That hedges my bet as much as I can at this time. In 30 years, $150K prolly won't be worth much, but hopefully, I won't have any debt to service and my kids will be independent. Currently we have enough coverage to service the mortgage and my student loans and give the survivor enough to get the other buried and have a little left over.