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Joined 1 year ago
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Cake day: July 21st, 2023

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  • This is the same as me. I also have a policy on both my kids. It’s $10k and it’s so I don’t have to worry about funeral costs.

    There are also plans like that and turn into a college fund but it’s probably just better to use a 529 for that.

    But ultimately, in my opinion, it’s better to have a one on the bread winner of the family. But some people feel they are never necessary.

    If you die young you don’t need insurance because your spouse is still hot and can re-marry easily. If you die older your children are out of college and can take care of themselves.

    Everyone take or don’t take insurance policies for their own reasons and it’s hard to know exactly why unless they make it plainly obvious.





  • I don’t know about the UK but in the USA slavery was abolished in the 1865, but equal rights weren’t granted until 1965. All the states were not in full compliance until the early 1970s. You could easily argue there are people still alive today directly affected by slavery.

    Making slavery illegal doesn’t mean everyone suddenly starts hugging in the streets and bigotry is abolished. I’m sure these same sentiments persisted in UK but hopefully not as long as it did in the USA.