Originally Posted by
max_boost
I have a whole life policy with statefarm (now desjardins) since 2005. There are a lot of options so definitely talk to a specialist. For example mine is a $500k policy at $330/month. Some say it's a waste but it's insurance so whatever works for You. My cash value if I wanted to cancel would be about $50k right now.
Sick. I have a whole life policy with guaranteed insurance addon yearly of 50k. But my cost is roughly $10/m per 10k of coverage. Parents bought me the policy 28 years ago, passed it on to me at 18. Broker told me they don't even offer anything remotely as good as these old whole life policies any more.
OP: term life is great for temporary insurance. Not so much for long term planning.
I can eat more hot wings than you.