"adjustable premium term policy"
Do you mean annual increasing premium term? Adjustable implies it can go up or down.
How long do you expect to hold the policy? If you're going to hold for 30, probably the 30 year level will be the best choice planning wise as you will have a 30 year contract that only YOU can break.
Annual increasing premium is only a five year guarantee, after that it becomes an option of pricing for the insurance carrier, up to their contractual maximums. Which if you look, will be huge in comparision to the guaranteed rate. Companies leave themselves alot of wiggle room.
So, if the financial world still is topsy turvey for a while and companies need to improve thier bottom lines, how will they do it? Can they adjust a 30 year guaranteed contract? NOPE.
Don't outsmart yourself here. This isn't new thought process wise.
Do you want a guarantee for 30 years or one for 5? Why don't you look at a 20 as a compromise?
"I don't want permanent or whole life coverage."
Well, if that is really true, you've picked a quality WL company. Are you unknowingly hedging your bet?
That is their strength wl.
At least if you're wrong down the road, you'll be able to wingwalk pretty well. ALWAYS MAKE THAT IDEA OF BEING "wrong" PART OF YOUR PLANNING. There's a lot of financial gurus out there right now that look pretty stupid because of their "absolutes" in planning.. Well planning isn't an absolute certainty. Have a safety net. The only thing ya can't do over is time.