If you die in 25 years, your survivors receive $18,000 more under Option 2. On the other hand, if you don’t die during that time and instead take your surrender value, you’re better with Option 1. In effect, by choosing Option 1, you’re gambling on a long life so that you can withdraw a larger cash value. To determine which option is best for you, you must consider a number of factors:
- Your current age and health
- How much protection your dependents will need as you age
- Whether you can increase your net worth at a greater rate by investing in other options
- How much of a gamble you’re willing to take
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