My kids are in their 20's and haven't started investing.
I was thinking getting term life insurance policy for them in case something happened. Checked into a policy that advertised $20 month and they switched the offer to $93 each.
My thinking was to use two brokerage accounts with them as beneficiary to put the life insurance payment.
If I need it to help with their burial expenses, I could use it. If it isn't needed and I pass away, they would have a good start for their retirement.
I'm in my late 50's so it should have 20 to 30 years to increase.
I was thinking getting term life insurance policy for them in case something happened. Checked into a policy that advertised $20 month and they switched the offer to $93 each.
My thinking was to use two brokerage accounts with them as beneficiary to put the life insurance payment.
If I need it to help with their burial expenses, I could use it. If it isn't needed and I pass away, they would have a good start for their retirement.
I'm in my late 50's so it should have 20 to 30 years to increase.
Statistics: Posted by ramcduffie31763 — Sat Jun 08, 2024 4:59 am