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I don't see it as 'expecting remuneration to continue', so much as I see it as simply paying for insurance of income. Life insurance is essentially the same th
by narcissus 13y ago
I don't see it as 'expecting remuneration to continue', so much as I see it as simply paying for insurance of income.
Life insurance is essentially the same thing, as far as I'm concerned: I'm paying now so that if / when something in the future happens, there is a financial aspect that helps me / my family.
So out of curiosity, do you consider life insurance the same way?
- westicle 13y agoYes, but even more so if that makes sense. I cancelled the life insurance policy which was automatically included in my retirement savings several years ago. I don't have any debt (even my mobile phone is pre-paid) so life insurance is basically a massive bet on me dying with no real upside. Again, YMMV and some people consider it a worthwhile investment. Just trying to contribute my point of view to the discussion.
- narcissus 13y agoOut of curiosity, and this may be a little too personal, but do you have any dependents at all? For me, at least, the upside is that when I die my wife and kids are going to be well and truly debt free. On the other hand, if we were already debt free, or I didn't have those dependents, then that would probably change my outlook on the policy, for sure.