Handloader109
Gold Member
NO, NO NO NO!
WHEN YOU DIE, YOU GET THE FACE VALUE OF THE INSURANCE!
NOTHING MORE!
THE CASH VALUE IS NOT YOURS WHEN YOU DIE!
THE INSURANCE COMPANY PAYS ONLY THE FACE VALUE!
TAKE YOUR 60K OUT NOW AND CANCEL THE POLICY!
YES I AM SCREAMING!
WHEN YOU DIE, YOU GET THE FACE VALUE OF THE INSURANCE!
NOTHING MORE!
THE CASH VALUE IS NOT YOURS WHEN YOU DIE!
THE INSURANCE COMPANY PAYS ONLY THE FACE VALUE!
TAKE YOUR 60K OUT NOW AND CANCEL THE POLICY!
YES I AM SCREAMING!
So when I die my wife (or estate) gets $100,000 (40K + 60K) and if I'm killed by someone who thinks I post too much here on TBN she gets $120,000 (40K + 20K + 60K). Doesn't sound like a bad investment to have coverage and load privilege all these years. Probably could have beat it by investing that $21.40 each month in stocks and reinvesting dividends though. But then I wouldn't have had the coverage.