Pay the Extra Premiums for Whole Life Insurance Quotes?
I currently have a term life insurance policy and am considering converting it to a whole life policy. I’m married with no kids. My wife has her own life insurance and retirements already in place. We are not going to have children. The main reason I was interested in the Whole Life was the investing portion to supplement my current mutual fund retirement. Should I pay the extra premiums for the Whole life or should I keep the term life and put the extra money into a Roth IRA? Any advice would be great. Thank you
New Law Eases Restrictions On Assets, Income For “Extra Help” Program
New Law Eases Restrictions On Assets, Income For “Extra Help” Program
Effective January 1, 2010, several changes to the law make it easier for older people and people with disabilities to qualify for Extra Help, the federal program that helps people with Medicare pay for their prescription drugs. Under the Medicare Improvements for Patients and Providers Act of 2008 (MIPPA), people who apply for Extra Help will no longer be required to count life insurance …
Read more on Medical News Today
Categories: insurance premiums Tags: Assets, Eases, Extra, help, Income., Program*, Restrictions