Cash Value In Life Insurance

[future]

Is it a good idea to take out that as well? Will the insurance co default also

 

[danberkeley]

Is it a good idea to take out that as well? Will the insurance co default also

Most likely not. Say you take out a $1,000,000 policy. If there is a run on the dollar or the dollar simply collapses, you could the purchasing power of that money drop 90%