- Joined
- Sep 17, 2011
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I am paying about 5k on 100k pru life multiplier for 10 years.. not sure if it was a wise decision as compared to term.. people here will say buy term and invest the rest.. but not all know how to invest, or rather invest professionally.. I am one of them, that's why I choose the "hard" way.. I guess it's up to individual.. but I will definitely continue to pay.. at least end of policy I can get back almost double of the total premium paid (hopefully I am still alive)
having said that, I think the total premium for 10 and 25 years is too huge, not really worth it. looking at it, since you said you 3k is too much, I think you will probably forgo it sooner or later. so I will suggest you forgo asap to avoid losing more money. of course please replace it with another more affordable plan.
actually i'm in the same situation, 5k for 600k coverage i reckon? pru multiplier. not sure why i bought it in the first place but basically hopefully i get back everything at 55 or 65 cant recall