
856-Friday Q&A: Career Change, Whole Life Insurance, Rentals, House Money
Radical Personal Finance
00:00
Is Life Insurance a Good Investment?
There are court cases where children have sued their parents for not telling about the money that they legally were entitled to. So what happens is a life insurance can solve some of those problems. You could take out universal life insurance contract on your child's life. And so you can look at it as basically a cheap way to control it. If you also are going to gain benefit from having the insurance in force, it can be a good deal.
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