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Between buying a 200k property vs purchasing a million dollar cash life insurance policy, which one would you do?
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2011 Jun 8, 1:17am 2,440 views 5 comments
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Would not do million dollar cash life policy, because million dollar USD by the time I die will be worth less than peso. No, thanks.
At this juncture of history, I do not touch ANYTHING that defines a benefit in terms of USD payout.
Well, considering I'll never to get to use the money from the latter, I'd choose the house.
Well, considering I’ll never to get to use the money from the latter, I’d choose the house.
Well, you could always borrow against the cash policy.
Katy Perry
2011 Jun 8, 6:03am
I always take the same bet The Insurance cartels take. Which is that you'll never need it soon. Buy the house. Insurance is for scared folks IMO. The house can always be rented out later.
I always take the same bet The Insurance cartels take. Which is that you’ll never need it soon. Buy the house. Insurance is for scared folks IMO. The house can always be rented out later.
But if the property drops 90% like many people here believe, then you would have lost more money than the cash insurance policy.
I'm sure both are non desirable prospects for the population at large on this board. But if you were forced to decide between the 2, which one would you pick?
Please don't say that you'd instead just rent and save the mortgage or buy term and save the difference in the premium. We all know that's the smart thing to do. But if you would answer, please. I think the cost of both are in the same ball park per month.
#housing