X-Message-Number: 28217
References: <>
From: Kennita Watson <>
Subject: Re: life insurance
Date: Thu, 13 Jul 2006 12:17:13 -0700

Robert Ettinger wrote:
> A newspaper article July 9 said that life insurance term policies  
> cost  about
> a third less than they did 10 years ago, and for people still in  
> good  health
> it might make sense even to replace existing policies with new   
> policies.

I'll add that one should make sure that the term policy
is convertible to a whole or universal life policy
without medical exam, in case health ceases to be good,
either gradually or suddenly, sometime during the term.
I was diagnosed with MS during the term of my term life
policy, thereby becoming effectively uninsurable (at
least at any reasonable rate).  Fortunately, my policy
was convertible, so I'm covered for as long as I pay
the premiums (and thereafter, once it's paid off).

Live long and prosper,
Kennita
--
Emancipate yourselves from mental slavery;
none but ourselves can free our minds.
           -- Bob Marley, "Redemption Song"

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