Doesn't need to be. As you age your rates go up but the amount you need should decrease.

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May 20, 2019
9:23:43am

kccougar All-American

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kccougar

Bio page: kccougar
Joined: May 29, 2001
Last login: May 5, 2024
Total posts: 88,550 (15,073 FO)

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Messages

Author

Time

POLL: At what age do you drop life insurance / not worry about having it?

Richbyu

5/20/19 9:05am

Less about age and more about economic condition. I'll stop buying life insurance when my death would no longer

Cosmodiar

5/20/19 9:07am

I thought life insurance was insanely expensive if you are old, though.

Richbyu

5/20/19 9:08am

Depends on what type of policy. My term policy is locked in at my current rate.

chago04

5/20/19 9:15am

Doesn't need to be. As you age your rates go up but the amount you need should decrease.

kccougar

5/20/19 9:23am

This is my approach as well.

Eddie

5/20/19 9:10am

When you can die without your family being negatively affected financially

KingDave

5/20/19 9:10am

When my term expires and it gets insanely expensive

LaserCoug

5/20/19 9:15am

My grandpa kept life insurance to pay the inheritance tax after he passed so we

Kauai

5/20/19 9:16am

Whole or term?

kccougar

5/20/19 9:20am

Term

Richbyu

5/20/19 9:21am

If you have adequate savings for retirement, and don’t have young kids at home,

chilango

5/20/19 9:21am

When your income is no longer dependent on you working.

Sooner Cougar

5/20/19 9:55am

^^^BINGO^^^ Multiple streams of passive income beats insurance policies...

CougarThug

5/20/19 10:21am

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