Generally in 30 years you have accumulated enough that you should no longer need insurance. Your accumulated assets provide the protection for spouse. In 30 years kids should be on their own unless some kind of disability existsBased on both the replies, it seems to me term-life insurance is best for short-term protection like 10-20 years.
Are you both suggesting that having a life insurance at old age is a bad idea ? If so, what are the other alternatives ?
You hope to live beyond mid 60s so you hope your family doesn’t run that lottery. The reason insurance into your 70s begins to really increase odds the insurance company will havre to pay out snd thus they price it accordingly. That is once the likely have to pay the rates really go up.
Statistics: Posted by LotsaGray — Sat May 11, 2024 2:08 am