I’m not that young—I graduated collect four years ago. If I inherited ~30k, it would go into a generic early start on retirement / early start on hypothetical kids’ college fund / maybe downpayment on a condo fund. Given that I’d just be holding on to it in the short-term anyway, putting it in a cryonics fund doesn’t actually strike me as completely crazy. Even in that case, though I think I’d get the insurance anyway, so I’d know the inheritance money could be used for anything I needed for when said need arose. Also, I understand that funding through insurance can avoid legal battles over the money.
The average college graduate is 26, and I was estimating 25, so I’d assume that by this community’s standards, you’re probably on the younger side. No offense was intended :)
I would point out that by the nature of it being LIFE insurance, it will generally not be used for stuff YOU need, nor timed to “when the need arises”. That’s investments, not insurance :)
(And if you have 100K of insurance for $50/month that lets you early-withdrawal AND isn’t term insurance… then I’d be really curious how, because that sounds like a scam or someone misrepresenting what your policy really offers :))
I’m not that young—I graduated collect four years ago. If I inherited ~30k, it would go into a generic early start on retirement / early start on hypothetical kids’ college fund / maybe downpayment on a condo fund. Given that I’d just be holding on to it in the short-term anyway, putting it in a cryonics fund doesn’t actually strike me as completely crazy. Even in that case, though I think I’d get the insurance anyway, so I’d know the inheritance money could be used for anything I needed for when said need arose. Also, I understand that funding through insurance can avoid legal battles over the money.
The average college graduate is 26, and I was estimating 25, so I’d assume that by this community’s standards, you’re probably on the younger side. No offense was intended :)
I would point out that by the nature of it being LIFE insurance, it will generally not be used for stuff YOU need, nor timed to “when the need arises”. That’s investments, not insurance :)
(And if you have 100K of insurance for $50/month that lets you early-withdrawal AND isn’t term insurance… then I’d be really curious how, because that sounds like a scam or someone misrepresenting what your policy really offers :))