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Saving Advice
Saving Advice
Dave Ramsey

Pay for Dad’s Life Insurance Policy?

Dave Ramsey

Dear Dave,
I talked to my dad the other day, and he wants me to pay for his life insurance policy. He says I should look at it as an investment, and he doesn’t want to pay for it himself anymore, since he’ll never get any benefit from the policy. My dad is 65 and in pretty good health. I’m 24 and not sure how I feel about his request. Can you give me some advice on handling the situation?
Frankie

Frankie,
This is really weird. I’m sure it was doubly weird for you to hear it from your dad! Even if you didn’t say it out loud, you had to have asked yourself, “Say what?”

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