MoneyTrev wrote:
Hmmmmmmm, maybe, maybe not.

Let's just suppose $$-money-$$ isn't an issue.

I'll use a standard male 35 non-smoker rate class and $500,000 initial death benefit.

The guideline single premium is $70,188.

So by paying the one-time maximum single premium would produce the following results.

@ age 50 the cash value would be $180,599.

@ age 60 the cash value would be $383,246.

@ age 65 the cash value would be $564,888 and the death benefit would be $677,865.

@ age 70 the cash value would be $1,235,081 and the death benefit would be $1,296,835.

@ age 90 the cash value would be $3,991,911 and the death benefit would be $4,191,507.

@ age 120 the cash value would be $44,876,739 and the death benefit would be $44,876,739.

Even if these PROJECTED numbers are wrong by 50% the insured person would still have a substantial amount of additional cash available to supplement retirement if the death benefit was no longer needed.

Also bear in mind I used the worst rate class for the life insurance. The cash would grow better if our 35 year old qualifies for a preferred rate class.

__________________
Gary Spicuzza, *SAFE
Copyright 1956.
No Rights Reserved.
*Self Appointed Financial Expert

I love that post Gary, on many occasions people misunderstand life insurance an the benefits thereof. As an agent for a reputable insurance company I have found that many of the other insurance companies tend to push policies on clients because of the benefit to the agent and not the client. This is definitely the wrong way around. This is why it is extremely important for persons to properly research the company they buy insurance from.

Most persons purchase life insurance for death benefit purposes, it would therefore be wise for those persons to purchase policies from mutual life insurers as is evident in the current state of the economy and insurance industry. Mutual insurers seek to satisfy only policyholders and make decisions accordingly while stock traded insurers force management to satisfy stockholders.

As a response to a previous post, life insurance is a great way of investing. It just depends on the individuals unique situation and goals.