Is paying for life insurance a good investment or am i being scammed?

Term life is fine if you've got a wife or kids, otherwise there's no point to having it

Whole life plans are full blown cucking yourself

>>1720760
What about health insurance?

>>1720798

Health insurance or long term care insurance?

t. 20 year term policies for wife and myself. It's to protect our ability to retire early.

Whole life is a complete fucking scam. The best indication of this is how large of a chub your term life agent gets when you even whisper """whole life"""".

>>1720741
Okay so a policy that only works if you are dead.

This benefits you how? It pays your beneficiaries? How do you know? You're fucking dead, bitch

>>1720760

This.

If you have a wife and kids that would be fucked if you died, then yeah it's a good idea.

Otherwise, no point.

Ideally if you're married with kids you have put away at least $100k and paid off a large part of your home. So your family can rely on that in the event of death.

>>1720741
"Gee, I sure hope I die soon so that the premiums I'm paying are less than the payout in the event of my death"

"Gee, I sure hope I die soon, but not within two years because then the insurance company just eats your premiums with no payout"

Why bet against your own life, with a giant team of actuaries and risk calculators on the other side of that bet that will statistically make more money off of you than they give you?

>>1720741
Insurance is never a good investment. It should always lose you money and you should always hope it's a ripoff. It's there to avert catastrophic and unexpected losses.

From there you simply figure out how much you are willing to lose in order to mitigate the risk of catastrophe.

>>1720741
dirt is dirt. do you want to look fancy in dirt or average? its a dumb question.

401k is a better investment.

>>1720866

Because people depend on you and your shared dream shouldn't come crashing to a halt just because some idiot DUI'd into you on the way to work.

Look, it makes no sense if it's just you. But if you have a wife, and especially if you have kids, it makes sense if you want their life to continue OK without you. It's really not that expensive. My wife and I each bought $500K policies on each other 10 years ago. They premiums are about $60 / month for each of us. We still have 10 years left. Either of us would be fine now if the other passed.

It's not an investment. It's a hedge.

>>1720760
Term life , haha
Good luck accumulating cash value on your investmemt when things go south. But only invest in life insurance if you have equity. Its pointless otherwise