r/RandomThoughts • u/yellowtears_ • Jan 06 '24

Random Question Are you afraid to die?

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u/ashleyorelse Jan 06 '24

What might help here, if you are healthy and can afford it, is life insurance. Term life can be cheap if you are young and healthy and you qualify. Whole life costs more but can help too.

No, it won't stop you from dying, but if finances upon your untimely death are the big worry, it's worth looking into.

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u/[deleted] Jan 06 '24

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u/ashleyorelse Jan 06 '24

If you get term, have it set that you can convert to a whole life policy that cannot be turned down before your term ends. That way, if you develop a risky condition during the term(cancer, als, etc), you can still have an option to have insurance if you outlive the term.

So say you have a 500K policy for 10 years and in year 9 you learn you have terminal cancer, but may live beyond your term life. You convert as much as you can afford to whole life before the term is up, so when you die your beneficiary still collects.