If you've saved up enough to retire, then you are already insured

Insurance is about paying someone else to assume a risk for you. If you already have enough money saved up to live the rest of your life, then there is no real financial risk associated with your dying. You've effectively insured yourself.

In response to this post by vt90

Posted: 11/18/2020 at 09:45AM

I'm doing an eval. of my life insurance coverage and getting new quotes... -- MP4VT2004 11/17/2020 10:20PM

...roll the dice. Insurance is for suckers ** -- chumley 11/18/2020 1:39PM

Well Insurance companies are very profitable. So if it was a deal they -- UTPr0sim 11/18/2020 12:30PM

I am getting close to the point of deciding whether or not just to ... -- vt90 11/18/2020 08:36AM

If you've saved up enough to retire, then you are already insured -- Tafkam Hokie 11/18/2020 09:45AM

My thoughts exactly. I will continue to pay the premiums as long as I am -- vt90 11/18/2020 09:50AM

It’s a great business. Collect premiums, don’t pay claims. ** -- MrBayAreaHokie 11/17/2020 11:31PM

Agry with Ffx. Insurance is to protect your family in the event of your -- Hokie360 11/17/2020 10:48PM

Yeah, that's how it feels. I have a lot of term... -- MP4VT2004 11/17/2020 10:56PM

You investment guy likely gets paid pretty well on whole life. -- GreenvilleVT 11/18/2020 09:08AM

If your investment guy is pushing whole life, you probably need a new -- Tafkam Hokie 11/18/2020 11:00AM

If your family no longer needs you to be insured, drop it ** -- 133743Hokie 11/18/2020 07:42AM

Unless it is used for estate tax purposes. -- GreenvilleVT 11/18/2020 09:09AM

A Roth 401k/IRA also grows tax free. And you'd be paying the whole life -- Hokie360 11/17/2020 11:07PM

Yeah, I've scrutinized the cash values. Even have a spreadsheet... -- MP4VT2004 11/17/2020 11:56PM

Anything but term is a racket ** -- FfxStationHokie 11/17/2020 10:25PM

If you've saved up enough to retire, then you are already insured

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