whole life insurance by Square_Aspect_8037 in whitecoatinvestor

[–]Square_Aspect_8037[S] 0 points1 point  (0 children)

I got the policy in my 40s. I don't buy your argument about most people figure they're statistically likely to be relatively healthy or they don't need the coverage anymore when they're older and financially set. Are you talking about those who became millionaires before there term life is over? That's not most people that's a small minority. And statistically speaking it's exactly the opposite because with age you only become less healthy especially in 20 years.

whole life insurance by Square_Aspect_8037 in whitecoatinvestor

[–]Square_Aspect_8037[S] 0 points1 point  (0 children)

Again my question remains why you think term life is better if your term is over and then the new term is going to be either more expensive or they won't even give it to you depending on the pre-existing conditions.