Insurance & Costs of having and raising a child

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(25-04-2013, 08:21 PM)Temperament Wrote:
Quote:"Let me make it funnier for you. I bought $100k wholelife with CI for each of my kid from age zero. Thats my only gift to each of them. The rest they will have to wait will I meet my wife again somewhere else again. Whether this makes any financial sense, I don't wish to think about it anymore."
Ha! Ha!
i actually want to buy more than 25K LI for my baby. i think at least 50K. But the insurance agent at that time discouraged me to do so. i think she had told me her company might not approved or something like that. That was 25 years ago.
Now it seems no problem as far as the amount is concerned. Anyway money has become very "small".
To me i like to think all insurance products do not make financial sense (in term of returns) until you need to claim on the insurance. Especially LI & CI. Nobody in their natural lifetime likes to make a claim on them. It's paradoxical isn't it? You buy something that you hope you would never have to use it.
Shalom.
Amen.

I used to work for an insurance company and I have seen claims for baby death. Ultimately, insurance companies are careful so that people do not exchange their babies life for insurance payout.
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Messages In This Thread
RE: The cost of having a child - by yeokiwi - 09-12-2010, 08:55 AM
RE: The cost of having a child - by bluesurfer - 09-12-2010, 01:33 PM
RE: The cost of having a child - by d.o.g. - 09-12-2010, 02:49 PM
RE: The cost of having a child - by Bibi - 09-12-2010, 06:28 PM
RE: The cost of having a child - by Nick - 09-12-2010, 06:50 PM
RE: The cost of having a child - by Bibi - 09-12-2010, 10:13 PM
RE: The cost of having a child - by memphisb - 09-12-2010, 06:51 PM
RE: The cost of having a child - by d.o.g. - 09-12-2010, 10:00 PM
RE: The cost of having a child - by arthur - 09-12-2010, 10:07 PM
RE: The cost of having a child - by Musicwhiz - 09-12-2010, 10:45 PM
RE: The cost of having a child - by Bibi - 09-12-2010, 11:00 PM
RE: The cost of having a child - by Musicwhiz - 09-12-2010, 11:21 PM
RE: The cost of having a child - by d.o.g. - 10-12-2010, 12:14 AM
RE: The cost of having a child - by Musicwhiz - 10-12-2010, 12:32 AM
RE: The cost of having a child - by Bibi - 10-12-2010, 01:11 AM
RE: The cost of having a child - by Zelphon - 10-12-2010, 08:09 AM
RE: The cost of having a child - by Bibi - 10-12-2010, 10:37 AM
RE: The cost of having a child - by d.o.g. - 10-12-2010, 01:26 AM
RE: The cost of having a child - by kazukirai - 10-12-2010, 08:16 AM
RE: The cost of having a child - by flinger - 10-12-2010, 01:52 AM
RE: The cost of having a child - by yeokiwi - 10-12-2010, 07:24 AM
RE: The cost of having a child - by Musicwhiz - 10-12-2010, 09:47 AM
RE: The cost of having a child - by mikh - 10-12-2010, 10:35 AM
RE: The cost of having a child - by d.o.g. - 10-12-2010, 10:47 AM
RE: The cost of having a child - by Musicwhiz - 10-12-2010, 11:21 AM
RE: The cost of having a child - by d.o.g. - 10-12-2010, 11:43 AM
RE: The cost of having a child - by Bibi - 10-12-2010, 11:58 AM
RE: The cost of having a child - by Musicwhiz - 10-12-2010, 11:56 AM
RE: The cost of having a child - by mikh - 10-12-2010, 12:11 PM
RE: The cost of having a child - by Jacmar - 10-12-2010, 03:22 PM
RE: The cost of having a child - by Jacmar - 10-12-2010, 03:57 PM
RE: The cost of having a child - by Musicwhiz - 15-04-2011, 08:08 AM
RE: The cost of having a child - by mikh - 15-04-2011, 10:22 AM
RE: The cost of having a child - by Musicwhiz - 15-04-2011, 10:25 AM
RE: The cost of having a child - by mikh - 15-04-2011, 10:40 AM
RE: The cost of having a child - by Musicwhiz - 16-05-2011, 03:20 PM
RE: The cost of having a child - by yeokiwi - 10-12-2010, 01:08 PM
RE: The cost of having a child - by Musicwhiz - 10-12-2010, 01:57 PM
RE: The cost of having a child - by hakfong - 10-12-2010, 02:32 PM
RE: The cost of having a child - by yeokiwi - 10-12-2010, 02:45 PM
RE: The cost of having a child - by SLC81 - 10-12-2010, 03:52 PM
RE: The cost of having a child - by hyom - 10-12-2010, 03:18 PM
RE: The cost of having a child - by d.o.g. - 10-12-2010, 03:43 PM
RE: The cost of having a child - by Musicwhiz - 10-12-2010, 04:36 PM
RE: The cost of having a child - by pianist - 11-12-2010, 12:33 AM
RE: The cost of having a child - by Bibi - 11-12-2010, 12:00 PM
RE: The cost of having a child - by mrEngineer - 11-12-2010, 09:35 AM
RE: The cost of having a child - by Musicwhiz - 11-12-2010, 10:15 AM
RE: The cost of having a child - by d.o.g. - 11-12-2010, 01:48 PM
RE: The cost of having a child - by Bibi - 11-12-2010, 02:47 PM
RE: The cost of having a child - by d.o.g. - 11-12-2010, 03:25 PM
RE: The cost of having a child - by yeokiwi - 11-12-2010, 03:52 PM
RE: The cost of having a child - by Bibi - 11-12-2010, 04:15 PM
RE: The cost of having a child - by belgarathc - 11-12-2010, 08:49 PM
RE: The cost of having a child - by egghead - 12-12-2010, 12:18 PM
RE: The cost of having a child - by Musicwhiz - 12-12-2010, 01:34 PM
RE: The cost of having a child - by MrValue - 12-12-2010, 03:43 PM
RE: The cost of having a child - by brattzz - 12-12-2010, 04:26 PM
RE: Insurance & Costs of having and raising a child - by a74henry - 25-04-2013, 11:19 PM
Reducing Term Mortgage Insurance - by chialc88 - 20-10-2013, 05:29 PM

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