Posted on 03/10/2024 6:53:46 AM PDT by where's_the_Outrage?
Whole life premiums don’t go up it’s the term life premiums that become unaffordable. But you have to buy when you’re younger that’s true.
Don't.
But the suggestion to buy life insurance when one begins working, which is when one starts paying SS taxes, is not blatantly stupid. One can't opt out of SS just because he buys a fat insurance policy, but one should definitely buy insurance.
You misconstrue my objection.
“Life insurance will give her more benefits than Social Security, ever would”
That was the statement which was to be shouted from the rooftops. You ASSUME it has something to do with when a person begins paying SSA.
You are right. Having insurance coverage when you are first starting out can be important. This can be very important when children are involved. Again, this has little to do with the above quotation.
They've been saying that since 1933!
I take it you opted out then?
That was the statement which was to be shouted from the rooftops. You ASSUME it has something to do with when a person begins paying SSA.
You are right. Having insurance coverage when you are first starting out can be important. This can be very important when children are involved. Again, this has little to do with the above quotation.
The direction of the discussion was the best situation for a surviving spouse. My point is that a few extra dollars via SS per month is small potatoes compared to a large, fast, tax free sum. My family has lived this situation.
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