Quote:
Originally Posted by MonkeyMama
Agreed. Whole Life is easily 10-20 times the cost of term, AND the cash-out, from my experience, is pennies of what you even put in.
Anyway, we pay $500/month for term coverage. I have seen quotes like $10k per year for the same coverage under whole life. You'd be much better off investing the difference saved.
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I'm curious what your coverage amounts are for $500 a month. My wife and I each have $400k of term coverage, and we pay $80.50 a month for both.