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In Reply to: mike &jax&BTID posted by interested reader on April 20, 2004 at 16:16:10:
You haven't even provided HALF the information a good advisor would need to make the right comparison for you.
I am sure a pfser would have enough to give his or her opinion, but thats what makes them a pfser...and unqualified for giving any advice in the first place.
Anyways, I posted the initial request for jaxx (or anyone )to provide an example of why BTITD is better than CV LI. Jaxx is more than welcome to use your initial scenario to start and address my request. I will then appropriately follow up.
By the way, it will be very interesting to see the reasons why you chose the type of insurance you did.
: Mike & Jax,
: okay, you two guys have been kibitzing for long enough. I think this would be a valuable and intersteng discussion if only the discussion would start to go somewhere. So, why don't we look at an example--mine.
: I am a 31 year old male, non-smoker, best of health, etc..ie. very best rates. I recently bought an insurance policy with a death benefit of $350,000. The agent showed me both term and cash value options. I won't say which one I chose.
: Now, both Mike and Jax, please discuss, using real numbers, the pros and cons of either cash value or BTID. Use whatever companies you write for to give your examples. I think the readers on this board will greatly appreciate both of your responses.
: Let the games begin.