When should you stop getting life insurance?

[ChaimMoskowitz]

?

[yos9694]

After you die, the ROI is negative so its not a good deal

[ChaimMoskowitz]

It is a worse deal when you are alive. They are betting you will live and you are betting you will die. Better hope you are wrong. 

[Lou Bob]

?

+/-
No number, so no explanation needed 

[dealfinder85]

?

when you dont need to support others and you have enough to support yourself?

[noturbizniss]

Regardless of other considerations, my final line for cancelling life insurance is when I have confirmed immortality.

[ChaimMoskowitz]

I was thinking sometime in your 50's when everything is pretty much set.

[jj1000]

When you have $10mil in the bank?

[coralsnake]

when you dont need to support others and you have enough to support yourself?

When nobody is relying on you to support them. Supporting yourself is irrelevant since when you die you need no support. Aside, of course, for a small fund for burial related expenses.

[Achas Veachas]

Basically, when you retire, if done properly, you should have all the money you'll need for the rest of your life. From that point and on, you should have no need for life insurance.

[ChaimMoskowitz]

Basically, when you retire, if done properly, you should have all the money you'll need for the rest of your life. From that point and on, you should have no need for life insurance.

What if you have a WL policy with good returns?

[hvaces42]

I was thinking sometime in your 50's when everything is pretty much set.

And what if its not?

[ChaimMoskowitz]

And what if its not?

Then have bigger problems than life insurance. 

[hvaces42]

What if you have a WL policy with good returns?

No such thing. All WL are projected returns and they never materialize.

[hvaces42]

Then have bigger problems than life insurance. 

Couldnt have said it better myself.

[ChaimMoskowitz]

No such thing. All WL are projected returns and they never materialize.

There are guarantees to some WL policies.

[coralsnake]

What if you have a WL policy with good returns?

Despite what most insurance agents will try to tell you, it's not usually a good idea to tie your investments to your LI policy.

Unfortunately, most people don't have the discipline to invest properly when they are not "required to" by a WL policy.

[ChaimMoskowitz]

Despite what most insurance agents will try to tell you, it's not usually a good idea to tie your investments to your LI policy.

Unfortunately, most people don't have the discipline to invest properly when they are not "required to" by a WL policy.

The mistake was made over 30 years ago. Now say your policy is increasing over 5% with no premiums due. Would you cash it in?

[coralsnake]

The mistake was made over 30 years ago. Now say your policy is increasing over 5% with no premiums due. Would you cash it in?

There are many other factors that need to be evaluated including alternative investment vehicles.

[ChaimMoskowitz]

There are many other factors that need to be evaluated including alternative investment vehicles.

If you have a no risk one that pays 5%+ I am all ears.