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Posting-Version: version B 2.10.2 9/5/84; site whuxl.UUCP
Path: utzoo!watmath!clyde!burl!hou3c!hocda!houxm!whuxl!wjm
From: wjm@whuxl.UUCP (MITCHELL)
Newsgroups: net.consumers
Subject: RE: Term Life
Message-ID: <246@whuxl.UUCP>
Date: Thu, 20-Sep-84 09:13:57 EDT
Article-I.D.: whuxl.246
Posted: Thu Sep 20 09:13:57 1984
Date-Received: Tue, 25-Sep-84 08:58:25 EDT
Distribution: net
Organization: Bell Communications Research, Inc.
Lines: 20

In reply to the person who sent me a mail message (I can't reply by mail
if you don't include a COMPLETE path to your system through one of the
better known USENET gateways like ihnp4, houxm, decvax, ucbvax, etc.)

Sure you pay for term life each year, but you pay much LESS than you would
for whole life.  Where do you think the insurance companies get the bread
to pay those dividends??
You should compare whole life to the equivalent plan - buying term and
investing the difference in premiums.  Before long, the return on the
investment will generate enough to pay the term premium and you'll be
much further ahead than with whole life.
BTW, most insurance agents I've dealt with push whole life like a pusher
pushes cocaine.  They HATE term (the only thing they hate more is NY
Savings Bank Life Insurance -- which I recommend you investigate if you
live or work in NY (or MASS which also has it) SBLI is considerably cheaper
for both term and whole life, since there are no salespeople, you have to
initiate the contact with the bank.).
Regards,
Bill Mitchell (whuxl!wjm)