Permanent life insurance

SystemShock said

Life insurance (or death insurance, really) to me is a racket. It only makes sense to me if your death will put someone at a great financial disadvantage when you are in a situation of negative or very low net worth, family, one income, substantial mortgage, etc...

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I don't know about all the low net worth, but it's certainly a hedge against death. The way I figured it was I needed it to provide for my wife if we had had a kid and something happened. Oh, and the investments within the policy are under your control so I'm not sure how the returns are any lower than any other retail investment vehicle except that some of your payment is the cost of insurance.