Is that $9000 figure for a term life insurance policy that becomes worthless after a number of years have passed, or for “whole life insurance” that pays off when you die, regardless of when that happens to be?
I don’t know, but I suspect the latter, since 9k compounded for 50 years ~ 30k.
Is that $9000 figure for a term life insurance policy that becomes worthless after a number of years have passed, or for “whole life insurance” that pays off when you die, regardless of when that happens to be?
I don’t know, but I suspect the latter, since 9k compounded for 50 years ~ 30k.