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Brett Grimm
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At what point do you stop paying Term Life Insurance

Brett Grimm
Posted

Perhaps there is a tipping point on the road to FIRE where the risk of not paying Term Life Insurance Policies anymore and the reward of using that money to further fund your portfolios would be more beneficial... I understand everyones comfort level with this is different, that there are variables of time and amounts for each persons policy... I was just curious on your thoughts; if and when you would take the risk, or would you keep paying for the full term... Or even if you would keep paying after reaching FIRE?

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Bjorn Ahlblad
  • Investor
  • Shelton, WA
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Bjorn Ahlblad
  • Investor
  • Shelton, WA
Replied

@Brett Grimm the point at which your net worth and available cash is sufficient to meet the needs of your family if you and your earnings are no longer there.

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