I have considered it. The <40 years horizon is especially affecting because, while my condition is not currently life threatening (or much to note at all), I’m still young and active in controlling it. As I get older, it may be harder for my body to avoid the adverse affects, and I could be dead by 60.
My biggest concern with term is going to term life now, only to be in much worse condition when the term expires, causing a renewal to raise my payments heavily. Since it’s a point brought up by Larks, I’ll say here I have no expectation to self-finance, and I don’t know how much worse my condition will be when it comes time to renew.
I have considered it. The <40 years horizon is especially affecting because, while my condition is not currently life threatening (or much to note at all), I’m still young and active in controlling it. As I get older, it may be harder for my body to avoid the adverse affects, and I could be dead by 60.
My biggest concern with term is going to term life now, only to be in much worse condition when the term expires, causing a renewal to raise my payments heavily. Since it’s a point brought up by Larks, I’ll say here I have no expectation to self-finance, and I don’t know how much worse my condition will be when it comes time to renew.