This is the same as me. I also have a policy on both my kids. It’s $10k and it’s so I don’t have to worry about funeral costs.
There are also plans like that and turn into a college fund but it’s probably just better to use a 529 for that.
But ultimately, in my opinion, it’s better to have a one on the bread winner of the family. But some people feel they are never necessary.
If you die young you don’t need insurance because your spouse is still hot and can re-marry easily. If you die older your children are out of college and can take care of themselves.
Everyone take or don’t take insurance policies for their own reasons and it’s hard to know exactly why unless they make it plainly obvious.
But we spend nearly $200 billion just paying salaries. We spend the most because we are also an expensive country to live in and that means paying the folks who volunteer a decent wage.
We would have to significantly downsize the military personnel and pretty much operate as homeland defense only.
I don’t think that’s favorable treatment. Defense is 3%. Social Security is 5%. Medicaid and Medicare is also 5%.
We can afford our defense budget and make the country better for the common person by utilizing our funds more efficiently and/or moving to universal healthcare.
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bro pls (mander.xyz)
in Australia, when we pay taxes, we get a receipt. The receipt shows what our taxes were spent on (lemmy.world)
I assume “Other purposes” is govt kickbacks to mining and gas companies 😬