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Originally Posted by geojen
Okay, I just got a quote from Matrix direct: 34.13 a month for 250,000 dollar policy throught AIG. This more than we pay now, but the benefit is 9 times higher. (This is for 30 years--we have no house or kids yet so we thought we should buffer another 10 years over the traditional 20). What do you all think?
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I think you are much better off with the above option than your current $27000 policy for $300/yr or $25/month even if it costs you $9/month more.
The only downside is you won't have life insurance after the 30 years is up and also no pathetic cash balance building up. Not much of a downside IMHO.