Quote:
Originally Posted by creditcardfree
Technically, no I haven't invested the difference. In fact, I don't know what the difference is because I haven't priced a whole life insurance. However, we save over 15% of our gross income. I can imagine that is more than the difference between whole life insurance and term insurance.
|
Yes, that's techincally true for us as well. I did not compare a term policy and a whole life policy, pick the term and invest the cost difference. I picked the term and invested above and beyond that. We currently invest 21% of my gross and 50% of my wife's gross. I'm sure that is way more than what whole life would cost us.
__________________
Steve
Join the 2009 Ebay Challenge!
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.