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Originally Posted by shakran
good plan, just one nit to pick. Unless you can use the life insurance to pay for the healthcare it shouldn't be counted toward your net worth - after all, you're really only worth whatever assets you can spend or dispose of, and you can only spend the life insurance when you're dead, so that's your beneficiary's net worth  |
True, in most cases. Me, I have a policy that was made upon my birth, paid in full. Now that policy is worth some bucks and I can "borrow against the interest" at any time. And I can honestly say as one who has borrowed it dry a few times, it replenishes itself fast.
So say you are in that health situation and you are lucky enough to have a policy like that, that is money you could feasibly use to pay the medical bills. That's what I was looking at.
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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"
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