patrick.net

A cash life insurance is a horrible product for most people. I don't understand why so many people fall for it. (I know, the life insurance agents gets a lot more commission and their presentation has fancy graphs that is dangerous to the uninform).

It's a mix of insurance and savings. The result always ends up getting pathethic insurance coverage to compensate for savings. If you want insurance, get a serious term life insurance that protects your family, not some half -xxx attempt to balance insurance with savings. Just buy term and invest the difference.

I don't mind paying for insurance they add value and serve an important purpose, the savings is the gimmick.