Life insurance thoughts

[Bob Anthes]

Here is a question for all buy and hold investors specifically. How do you feel about life insurance? Do you have large policies ($1M plus) or are your investment properties your form of life insurance if something happens to you? Meaning your loved ones can sell the properties if need be.

[Joel Johnson]

In my situation, I am planning on getting enough properties, and teaching my SO how to run them, so that we can self insure. I would maintain life insurance until the point that I am comfortable that my family would be okay without me. Until then, I will carry insurance. Though, if my investments can produce enough income, my need for protection disappears.