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May 20, 2019
9:04
:19
am
The Old Y
All-American
If you have the money it can be a good thing. But, most would benefit greater
by maxing out their retirement, increasing their short term savings and paying down their debt.
At some point, permanent life insurance works to leverage tax situations and assets at the end of your life.
This message has been modified
Originally posted on May 20, 2019 at 9:04:19am
Message modified by The Old Y on May 20, 2019 at 9:06:15am
Message modified by The Old Y on May 20, 2019 at 9:06:59am
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The Old Y
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The Old Y
Joined
Apr 4, 2005
Last login
Jun 1, 2024
Total posts
13,241 (179 FO)
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Messages
Author
Time
How does Whole Life Insurance work? I know that Dave Ramsey hates it, but my
UberDeek
5/20/19 8:50am
It's an investment and life insurance
paulb
5/20/19 8:51am
It’s an investment I wouldn’t do it but if you are risk adverse
cougarfann888
5/20/19 8:54am
*averse
Iman23
5/20/19 9:11am
We need to nip this kind of thing in the butt.
Kilgore Trout
5/20/19 9:23am
It’s a moo point
shammy
5/20/19 10:49am
These people are going to wreck havoc with the English language.
Kilgore Trout
5/20/19 11:01am
It doesn't- except for the sellers of it who get their big fat commission.
byubyu
5/20/19 8:57am
You may want to consider a fully-funded Universal Life policy instead.
rockhound
5/20/19 8:57am
It's insurance and cash value growth but there are a few ways to structure that.
Ash
5/20/19 9:01am
If you have the money it can be a good thing. But, most would benefit greater
The Old Y
5/20/19 9:04am
It' heavily fee loaded in the first years which that money could be used instead
Fatalplacebo
5/20/19 9:04am
It works like this:
Pimpin4Paradise
5/20/19 9:16am
Sworn an oath??
pink22
5/20/19 9:19am
Yeah, and doctors swear an oath to help people... if they have good insurance
UberDeek
5/20/19 1:00pm
I was never big on creeds....
pink22
5/20/19 3:56pm
It certainly works but it works worse than a universal life policy or a term policy and investing the difference
chago04
5/20/19 9:27am
buy term (way cheaper), invest the difference in cost.
OC_Ute
5/20/19 10:48am
Don’t do it. Seriously. Don’t.
Mr. Belding
5/20/19 1:06pm
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