life insurance

[okietreedude]

Ive got it...not sure of the limits but we recently upped it. my agent was also telling about the kids going off to college. if you care enough to help them, having extra to help is something else to consider.

i also have an accident policy on me in case i get hurt and cant work. its kind of pricy but it will be worth it if something happens. it doesnt kick in until 60 days but pays for 2 or 3 yrs.

 

[sotc]

i got the college thing figured in at local university costs

 

[SkwerI]

I agree with Koa and others, it's unneccessary for single people. I'll just have to keep enough in my checking account to cover the cremation of my remains when I die. I don't know or care what will happen to the rest of my possessions.

 

[Mr. Sir]

I agree with Koa and others, it's unneccessary for single people. I'll just have to keep enough in my checking account to cover the cremation of my remains when I die. I don't know or care what will happen to the rest of my possessions.

Can I have your saws?

 

[SkwerI]

I've already told a couple of my buddies to get them quick if anything ever happened to me. You'd have to beat them all to my truck and/or shed and then hope they are unlocked. But if so, then sure.

Better make double sure I'm dead though. Otherwise me and Mr. Glock might have something to say about somebody poking around where they don't belong.

 

[sawinredneck]

Yeah, they can have the saws, I just want the gun

(sorry Brian, couldn't help myself!)

 

[squisher]

I'm certain it's probably different up here but I have a convertible life insurance policy which is part of my retirement plan. Essentially I will 'shuffle' all of my investments/money into this policy and then when I 'retire' I'll borrow against this policy from the banks at incredibly low interest rates, in theory lower than what the investments themselves will be earning in interest(I know in theory but still much cheaper than paying income tax on the money, see the rest of my post). The banks do this at incredibly low rates because it's a guaranteed payback, everyone dies. I'll do it this way as borrowed money is not taxed, so no income tax upon retirement, none. Then when I die the bank is first in line and then the leftover would go to my daughter also tax free(inheritance is tax free here).



Big picture, make the system work for you.

 

[sotc]

some nicer loopholes here to