Re: Insurance That You Don't Need
My wife and I often had arguments about this. The reason that children's life insurance is cheap is because they rarely die - the insurance company isn't going to lose money. And just because something is cheap doesn't mean it's a deal. If you don't have $5000 in savings and no way to raise it if your child unfortunately dies, then maybe it is worthwhile. If you do or can borrow it, then I don't think it is.
__________________
Disclaimer: I don't know what the heck I'm talking about (my wife's favorite quote), so please take all advice given with a grain of salt :o
|