Why paying the minimum on your debt is a form of life insurance

If you die you no longer owe the debt. Your debt will get put against any assets you have for your estate though so it's important to keep everything as liquid as possible. So if you pay the minimum you are hedging against an early death. It's win-win. If you get to enjoy a long life you have the negative of paying a lot in interest. If you have a short lie you get the positive of never having to repay all the debt (other tax payers do it for you). I have known several pharmacists that have... Why paying the minimum on your debt is a form of life insurance
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Tags: Job Market Source Type: forums