As it turns out, if I die before January 29, 2044, my family gets $2,000. If I cash it in, *I* get $650. So ...
$2,000 for my family AFTER I'M DEAD
- or option two -
$650 for *ME* WHILE I'M ALIVE
I've chosen to go with option #2, taking the $650 while I'm alive.
I've decided to purchase a treadmill, like I've wanted for a long time. If I use it on a regular basis, and I will, it will help ensure that I live long enough to annoy people for decades to come and hopefully PAST January 29, 2044.~*~*~Krystal~*~*~
6 comments:
You have done the right thing.
Life insurance companies never tell you that when you borrow against a "whole life" policy you decrease the death benefit by that amount.
In effect, you are borrowing your own money.
By taking the "cash value" and cancelling the policy, you are a little bit ahead of the game and you never have to "pay back" your own money with interest.
1944?
Joe, exactly how I feel.
Batman, I meant 2044...
Cash now. Good choice!
heh :)
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