Not exact matches
I'd like to try it but not sure I'd want to
pay a bunch of
money for something crossing
into spiritualism, voodoo, whatever you want to call it.
They're great if you want to be locked
into a contract to
pay someone lots of
money for something that loses its value.
These rules make it unfeasible
for investors to just tap
into their retirement plans willy - nilly because they either need the
money to
pay for something, or want to use it up too fast, then be left with nothing later in life.
And, only if you have been managing
money wisely and begin
paying all of your bills on time, you still will not have a good enough credit rating
for refinancing
into something more controllable.
While the mortgage life insurance policy will
pay off your mortgage, your family will still need other funds in order to
pay for funeral expenses, uncovered medical bills, non-housing debts, and a sufficient amount of
money to allow them to resettle
into something that looks like a normal life.
Something to the effect of «You won't need to
pay for my health insurance
for a few years, so could you put that extra
money into my salary instead?»