ANewCreature
June 16th, 2008, 07:38 AM
I presently have two *very* small (we're talking thousands of dollars combined, not even tens of thousands) life insurances policies that have been building cash value and earning interest just in savings accoutns as I pay into them. I had been saving them because, even if I never got married, they would be great to help a church or something whenever I went, hopefully 30-40 years from now if the Rapture wasn't before then. (Or my parents, if I would predecease one or both, though that's unlikely you never know. One was actually started by my mother when I was a kid, not knowing if I'd be able to work much with my vision, etc.; so she's technically the owner. The other I started probably around 2000.)
My question is, what are people doing with these things? I don't know if one or both can be transferred to silver (like I say, not enough in either for more than a few ounces of gold) as an investment, if you think it would be wise to pull some money out of them, to close them out and cash them in so I'm not having to pay in...what are others doing? Obviously, those with families are in a different boat than I am, too - you all need to keep such things if you have them, just for your kids if something happens to you.
I'm just starting to pray about what to do with these - presently might be nothing.but it seems like it's good to at least look into what I could do with them, whereas 5 years ago, as someone said, the ecnomic situation looked so much different; and, if we went through rough times, it wouldn't be globally catastrophic, more like the 70s-early 80s.)
BTW, great site someone lined on the big thread (that's its official new name now :-) about banks and what's solvent and not - is there a site to see which insurance companies are doing well, which are more threatened, etc.? Each is one I've heard no bad reports about, so that part should be in good shape, but still good to ask.
My question is, what are people doing with these things? I don't know if one or both can be transferred to silver (like I say, not enough in either for more than a few ounces of gold) as an investment, if you think it would be wise to pull some money out of them, to close them out and cash them in so I'm not having to pay in...what are others doing? Obviously, those with families are in a different boat than I am, too - you all need to keep such things if you have them, just for your kids if something happens to you.
I'm just starting to pray about what to do with these - presently might be nothing.but it seems like it's good to at least look into what I could do with them, whereas 5 years ago, as someone said, the ecnomic situation looked so much different; and, if we went through rough times, it wouldn't be globally catastrophic, more like the 70s-early 80s.)
BTW, great site someone lined on the big thread (that's its official new name now :-) about banks and what's solvent and not - is there a site to see which insurance companies are doing well, which are more threatened, etc.? Each is one I've heard no bad reports about, so that part should be in good shape, but still good to ask.