No. of Recommendations: 1
Not enough information. Who will the policy provide funds for if they have the opportunity to cash it in? Is this intended to be an inheritance to your kids or provide retirement savings for your spouse?

My term life is primarily intended to make sure my wife is taken care of and potentially provide some inheritance. That said, when I hit your circumstances (age and age of kids), I will be looking at a shorter term policy because my retirement accounts are self insurance for my goals.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.