×Sign up, and you'll be able to vote in polls. Sign up
Report problem with this ad
Apr 21, 2017
7:46:28am
KingDave All-American
I used to be a Northwestern Mutual rep
They push whole life pretty hard. I think it's not appropriate for most people. Unless you're maxing out all your retirement options, and are fully insured with disability and long term care insurance, I wouldn't bother.

I just replaced my policies with 30 year level premium policies that will expire when I retire. I just won't need life insurance after that.

The only reason to use whole life insurance as a savings vehicle is if you're making a huge income and the only options left for investing are taxable investments.

Also, whole life isn't always tax free withdrawals like they say it is. I found out that one just before I left Northwestern. I'd get advice from a CPA and an investment advisor outside of Northwestern Mutual before deciding on whole life.

----


-----

L62D2v1.gif
Report problem with this ad
Previous username
(Private)
Bio page
KingDave
Joined
Oct 12, 2009
Last login
Jan 17, 2018
Total posts
43,733 (9,594 FO)
Recent feedback given
3 79 45 7
Recent feedback received
105 37 7
Report problem with this ad
Messages
Author
Date
4/21/17 7:46am

Posting on CougarBoard

In order to post, you will need to either sign up or log in.