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You could just not give them the policy and say, now that you're grown, I just want you to know, as an adult your burial money is already set aside and taken care of. Here's a copy of your policy.
I've got 20 pay $15000 policies on all 3 of my kids, by the time they're 80, they'll be worth around 30000 if dividends hold up. Should always have a paid funeral. One less thing to worry about.
Makes hellish good sense when you realize you prepaid 3500 for a funeral and guaranteed ability to buy life insurance. Especially when you figure you get a 360 dollar discount for being the agent.
When else is 3200 dollars worth 15000-30000. 4.5% growth over 50 years guaranteed isn't bad at all.
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Son, I'm proud of you, here's your new house. The mortgage is 1800 a month. Good luck paying it on your 10 dollar an hour job.
I've got 20 pay $15000 policies on all 3 of my kids, by the time they're 80, they'll be worth around 30000 if dividends hold up. Should always have a paid funeral. One less thing to worry about.
Makes hellish good sense when you realize you prepaid 3500 for a funeral and guaranteed ability to buy life insurance. Especially when you figure you get a 360 dollar discount for being the agent.
When else is 3200 dollars worth 15000-30000. 4.5% growth over 50 years guaranteed isn't bad at all.
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Son, I'm proud of you, here's your new house. The mortgage is 1800 a month. Good luck paying it on your 10 dollar an hour job.
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