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View Diary: A Conversation w/ My Rich, Republican Father (226 comments)

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  •  It's when you hit retirement age (1+ / 0-)
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    My wife and I have a mix of term and whole life insurance. Mostly term (2:1, IIRC), because we're not in the best financial boat (not bad either; roughly at the median household income), but the whole life is nice, because when we hit retirement age it pays out anyway. And if we can't afford our insurance at some point (although I think we have to pay in for 5 years first or something), we can stop paying into the whole and use the equity in it to pay the premiums on the term for as long as it lasts.

    I tell you, we are here on Earth to fart around, and don't let anybody tell you different. -- Kurt Vonnegut

    by sabishi on Tue Jan 31, 2012 at 06:32:12 AM PST

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