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Re: Palin's 17 year old daughter pregnant.

Posted by LuchAAA on Wed Sep 3 13:22:28 2008, in response to Re: Palin's 17 year old daughter pregnant., posted by AlM on Wed Sep 3 13:14:15 2008.

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Life insurance and 401k go to the beneficiary. Still, the IRS takes inventory of everything, including life insurance, 401k, retirement, and adds it up to determine their cut of everything over $2million.

Life insurance is often calculated by a multiple of your salary. Smart people get the best deal. Someone making $135,000 with 8x's their salary in life insurance is smart. Gotta pass a physical to get it though.

What's not typical? Someone making $135,000 having a $500,000 home? Having a good life insurance policy? Having a big 401k after 35 years with the same company?

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