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![]() "DSK" wrote in message .. . You can buy a lot better long term / life insurance policy for a lot less money than SS takes out. Where? Bill McKee wrote: Call up any insurance agent. Total SS payments on max salary are around $13,000 a year. You can buy a decent long term disability policy and and have investment money left over for less than this. And what can one get for less than "max salary" payments? Considering the benefits that Social Security offers (disability, dependent support, retirement, long term care supplement, etc etc) I suggest that you are either misinformed, or you're deliberately lying to try and push a political agenda. My disability + long term care policies (healthy mid-40s) cost me around $10K per year, and that offers NO coverage for my spouse or any dependent. DSK Long term care is not covered by SS. Long term disability is. As to less than the max, you buy a less than max policy. You pay less than max to SS, you get less than max payments. As to your children, get a term life policy. If you are young enough to have children under 18 and that is what the kids are covered too, you can get a large term policy for about $35 / month. And when the widows and children act (as SS was originally known) it was not the national retirement plan. |
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