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Feb 21, 2004 3:19 pm		insurance
Joe Andrade		Hi Guys...although I am new to this group I thought I would put my 2 cents in. Cash value life insurance policies are a bad deal for most people. Most people would do better with a 30 yr. term policy that is guaranteed renewable to another term policy. You are correct that mortgage insurance is a bad idea. Term is cheaper and will allow most people to buy the proper amount necessary instead of being able to only buy what they can afford. You must go only with a reputable company however. Many have undesirable provisions such as only being renewable to a whole life policy. Remember the purpose of life insurance is to protect against a financial loss, NOT PRODUCE A PROFIT. Angelo is right - to see a financial advisor is very important. Try to get a referral from a friend, neighbor, co-worker, etc. first. Then interview them to see if they are a match for you. Best of luck. Joe Private Reply to Joe Andrade (new win)

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