Resolved Question: Should I buy Whole Life Insurance???

I f he needs life insurance, which is a better pick, a term life insurance or a participating whole life insurance since premiums are very cheap and he can have her plans paid up in a short period of time using self liquidating option?

Resolved Question: What's the best term life insurance to go with?

I think I need around $250K. I'm 47. Healthy. Don't smoke.
Best company? Cheapest? There are so many choices out there its confusing.

Resolved Question: Looking for cheap & crappy life insurance.?

I am looking for sources of *REALLY* cheap life insurance. I have to have life insurance for the next six years (declining each year), while I pay off a structured legal settlement.

I don't care about financial stability of the company or a history of hassling the beneficiaries to collect. I don't care about guaranteed renewability, as if I'm not insurable, I don't have to buy the insurance. All I care about is price and that the policy comes with an official receipt that will satisfy their lawyers.

Websites such as INSweb typically only offer 5-year term or longer, and I want cheaper than that.

Resolved Question: Should I buy Whole Life Insurance???

I am looking as this a way to invest, I know that term is cheap. My wife and I both have a good income in our 30's and contribute our max $15.5K/year to our 401K's. To meet our retirement goals, we'll likely need another 1 million at 65. I've heard a lot of people say stay away from whole life, but I think it's the only way for us with high incomes to invest after our 401K's. My NW Mutual rep wants to sell me Variable Life, saying their average returns have been around 8% (and tax free). What do you think??

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