 Life Insurance
what do you have -- what do you you think of your decision?
In 1994 (I was 39), I bought a hybrid policy from Northwestern Mutual (the Quiet Company) that used a combination of term (in the front end) and whole insurance (for the back end). I have $1478 a month taken from my checking account -- and should I die before 65 the insurance pays $1,000,000 to my heirs. If I make it to 65 (2021) -- I get a lump sum payment of $1,600,000. I believe the current cash value is $330,000 if I cashed it in or took a loan against it. I cannot be canceled at this point.
I haven't regretted buying this policy -- but I have never looked into what an annuity of 28 years of $1478 a month would have gotten me. | 
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