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Family of Origin
Never disinherit your kid
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<blockquote data-quote="InsaneCdn" data-source="post: 690664" data-attributes="member: 11791"><p>Ok. I'm not an insurance agent. And we haven't dealt with even a simple policy for years now - just a renewal.</p><p> </p><p>There are at least three different kinds of policies. And I don't know the technical terms. But one type is "term" - and no, that isn't what would be wanted in the case I described.</p><p> </p><p>But there is more than one type of "whole life" policy. Some are intended to have a cash/investment value beyond the insurance pay-out. Some are intended that the cash/investment value IS the payout. And some are only intended to pay out the insurance pay-out value. It's that last type that I was referring to.</p><p> </p><p>Of course, the industry may have changed significantly in the last 10+ years...</p></blockquote><p></p>
[QUOTE="InsaneCdn, post: 690664, member: 11791"] Ok. I'm not an insurance agent. And we haven't dealt with even a simple policy for years now - just a renewal. There are at least three different kinds of policies. And I don't know the technical terms. But one type is "term" - and no, that isn't what would be wanted in the case I described. But there is more than one type of "whole life" policy. Some are intended to have a cash/investment value beyond the insurance pay-out. Some are intended that the cash/investment value IS the payout. And some are only intended to pay out the insurance pay-out value. It's that last type that I was referring to. Of course, the industry may have changed significantly in the last 10+ years... [/QUOTE]
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Never disinherit your kid
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