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To: silInv who wrote (23426)	11/27/1999 6:57:00 AM
From: JDN	Respond to of 64865

Dear silinv: If you can get at fix cost throughout your life, there must a catch (IMHO). The price of the insurance is based upon your age. You can "lock up" that price for a period of time. The CATCH is if you buy it young chances are you WONT die, thus you will be paying that lower level of premiums for a longer period. Now if you wish to DIE to win the bet that is YOUR business, but for me, thats a bet I prefer to LOSE! haha. Unless you are a person who just cant save on their own, meaning lack of discipline, just buy the cheapest term offered, buy it in the amounts that you feel you need considering your TOTAL financial picture. For example, if you have little or no savings, a nice salary or wage, a wife and 2 kids you probably need a fairly high level of PROTECTION if you wish to provide for your family should you die before establishing a significant estate. On the other hand, if you have a Million $$$ invested or more, grown children already educated, and basically only your wife to provide for you may need no insurance at all or only that to settle estate taxes (there are none between spouses) or to fill in some gap you may forsee between the income your investments throw off and what your wife would need. Its just that simple, cut through the salesmens bullshit and look at it as above. JDN ps: Insurance, IMHO is the worlds lousiest INVESTMENT. It is ONLY good as a protection item. Like buying a put if you are worried your stock might drop. I can only recommend a whole life product to those people who have little savings, and cant seem to pay themselves FIRST when their paycheck arrives. For them any savings accumulation is better then NONE.

To: silInv who wrote (23426)	11/27/1999 9:25:00 AM
From: alydar	Read Replies (1) \| Respond to of 64865

Q. Life Insurance. A. I must admit that I think that term insurance is the way to go if you want insurance at all. What I did was purchase a annuity from Sun America. The way it works is that you are essentially purchasing mutual funds. Every year you have an anniversay date and whatever the value is on that date is the minimum amount your beneficiaries will receive upon the time of your death. For example, if you invest $100K on 1/1/00 and the value of the mutual funds is worth $200K on 1/1/01, the minimum amount your beneficiaries will receive, nomatter what the value is of the mutual funds upons the time of your death is $200K. The nice thing about this is that when you reach, I believe, either 59 or 65 you can start to withdraw the annuity is you so choose. If the value of the funds are $10K that is what you will be able to take out. But remember, the high point, in this illustration is $200K so if you kept the funds in tact, your beneficiaries will still receive the high point of $200K. I hope this is of some help, Bob.