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Old 13th March 2008, 05:11 PM   #6
SeattleCPA
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Join Date: Apr 2007
Location: Seattle, Washington
Posts: 203
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I really like term insurance. I think (especially if one can get cheap term from a union or professional society or association) that cheap term combined with something like a 401(k) or SEP really beat the cash value insurance option.

The problem with the insurance option is that the expenses can just gnaw away at your investment returns...

It's often sort of impractical to find cheap term insurance, though, because the agents don't make any money selling it. (And they obviously need to make a living just like the rest of us.)

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