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Why not force us to buy LIFE INSURANCE?
another think coming | April 3, 2010 | self

Posted on 04/03/2010 1:38:25 PM PDT by sodpoodle

So I'm thinking the Federal Government could force us to buy $100,000 of whole life insurance in our early working years with part of the social security *donation* and name the US Government as beneficiary. That way, when we die (not if) the $100K goes back into the SS & Medicare funds.

Actually - it's a better idea than what we have now!!!!


TOPICS: Health/Medicine; Society
KEYWORDS: logic
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To: sodpoodle
Next we will be forced to buy a new UAW/Government Motors care every three years. You will be required to trade in the old one so they can junk it. It will be illegal to drive a vehicle over three years old, so there will be no used vehicle market. The only vehicles you will be allowed to purchase will be ones made by the UAW.
21 posted on 04/03/2010 2:07:29 PM PDT by E. Pluribus Unum (FYBO: Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
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To: sodpoodle

Because life insurance isn’t taxable.


22 posted on 04/03/2010 2:10:28 PM PDT by Politicalmom (Charity is no part of the legislative duty of the government. -- James Madison)
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To: sodpoodle

I have a better idea, it should be one million payable to the US government then when we are denied the health care we need and die sooner they can pay off the debt incurred for out nonexistent health care.


23 posted on 04/03/2010 2:12:10 PM PDT by tiki (True Christians will not deliberately slander or misrepresent others or their beliefs)
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To: bolobaby

<< Whole life is a scam. Anyone who buys a whole life policy is a supreme idiot. >>

That is simplistic, at best.

Remember, term policies expire at age 70. Whole life doesn’t. Having a whole life policy that can take care of funeral expenses, old age costs, etc. COMBINED with having term and mutual funds makes for a well-rounded portfolio, and having a well-rounded portfolio is NOT the result of supreme idiocy.


24 posted on 04/03/2010 2:22:30 PM PDT by ObamaMustGo2012 (Obama Must Go In 2012)
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To: sodpoodle

Hoping to add more thievery to Hillarycare?


25 posted on 04/03/2010 2:54:33 PM PDT by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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To: sodpoodle

Why not avoid unnecessary purchases, become more self-sufficient and shut the whole racket down?


26 posted on 04/03/2010 2:56:00 PM PDT by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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To: sodpoodle

Only if they can tax the benefits your widow receives at, say, 75%.


27 posted on 04/03/2010 3:11:21 PM PDT by keepitreal ( Don't tread on me.)
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To: ObamaMustGo2012
You can also borrow the cash value...also no tax...

Best is an over-funded whole life with excess initial payment an with a seven year term rider to avoid tax.

28 posted on 04/03/2010 3:22:01 PM PDT by spokeshave (They'll get my false teeth when they pry them from my sister's cold, dead mouth)
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To: sodpoodle
Good point! The SS fund must have earned billions from workers who never filed for benefits.

More than offset by those who die young with a wife and children receiving benefits.

29 posted on 04/03/2010 3:24:42 PM PDT by Doe Eyes
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To: sodpoodle

Death is a privilege, not a right. Dying without govt mandated life insurance will land you in jail. Obama is serious with this one.


30 posted on 04/03/2010 3:36:32 PM PDT by Cyclops08
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To: ObamaMustGo2012

You are better off putting your money into a CD or bonds than a whole life policy.

The rule of thumb is: buy term and invest the savings. Have a diversified portfolio, but don’t buy whole life.


31 posted on 04/03/2010 3:42:45 PM PDT by bolobaby
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To: Gaffer

I feel for you. The insurance agents prey on the innocent with whole life policies.


32 posted on 04/03/2010 3:43:57 PM PDT by bolobaby
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To: sodpoodle

I think life insurance is stupid!!!


33 posted on 04/03/2010 3:46:47 PM PDT by dalereed
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To: E. Pluribus Unum
"Next we will be forced to buy a new UAW/Government Motors care every three years."

With UAW "workers" building the cars, three years is probably the total time cars will function before completely breaking down.

34 posted on 04/03/2010 3:56:58 PM PDT by StormEye
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To: HD1200
It is the situation now, whether you die young or old.

If you die old, after working your whole life and saving a little something, the government takes it via the estate tax. That goes to them on top of the income taxes you paid every year. In essence, it is the same for the feds as a life insurance policy--you make money, instead of giving it to an insurance company with the feds as beneficiary, you save it for yourself and your family, and the feds take a piece when you die.

They don't need a policy on your life, they already benefit from it.

35 posted on 04/03/2010 7:16:13 PM PDT by Defiant (We are in a battle to the death between Karl and George. I will stand and fight for George.)
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