Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Kevin Podsiadlik who wrote (89042)	1/2/2005 10:40:58 PM
From: SI Dave	Read Replies (4) of 122089

>>In the article I referenced Orman pretty explicitly recommends you buy for one long term that you don't plan on renewing (because your children will be grown, you'll be retired, and you and/or your spouse will have enough savings to live on). That's not nearly farsighted enough for some people. If someone is trying to protect a large estate from estate taxes, suddenly finding themselves at the end of the term and/or uninsurable can leave the naked to the tax man. Whole life policies in connections with generation-skipping and similar trusts can really reduce the tax bite on one's heirs. I've always been rather humored at the irony of life insurance; They're betting their money that you will live, and you're betting that you'll die.

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