Money Blog - Life Insurance Policies Plan B

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THE SCENARIO Recently, I covered a choice between two different types of life insurance policies. When looking into it, I found that I most likely wouldn't be able to have half a million dollars by the end of a decade if I invested the difference between a more expensive policy and the less expensive one. But what if I wanted to buy the cheaper policy, invest the difference during the Term policy's decade of existence, and after the Term policy ends I start investing the entire $400 that I would have paid on the Permanent policy? Let's see how long it would take me to reach my $500K goal if I did that. ... Read more...