Mar 4, 2015
2:19:38pm
2:19:38pm
Seems like it would not be a good idea for most people.
The Downsides
The concept works very well for some people, but it’s not a magic wand. Even with dividends, which aren’t guaranteed, the internal rate of returns available on these policies is very modest – especially in a low-interest rate environment.
It’s not for people who don’t need or want a permanent death benefit.
It’s not for people who can’t afford a term premium to protect their families.
Expenses are front-loaded. The agent and insurance company can eat up half of the first year’s premium
It’s not for people with an unstable source of income.
The concept works very well for some people, but it’s not a magic wand. Even with dividends, which aren’t guaranteed, the internal rate of returns available on these policies is very modest – especially in a low-interest rate environment.
It’s not for people who don’t need or want a permanent death benefit.
It’s not for people who can’t afford a term premium to protect their families.
Expenses are front-loaded. The agent and insurance company can eat up half of the first year’s premium
It’s not for people with an unstable source of income.
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