It's an investment and life insurance

Report problem with this ad

May 20, 2019
8:51:35am

paulb All-American

It's an investment and life insurance

The reason you don't like it is that it's roi is lower than getting term and investing the difference

Report problem with this ad

paulb

Bio page: paulb
Joined: Sep 30, 2011
Last login: May 18, 2024
Total posts: 24,725 (764 FO)

Report problem with this ad

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.

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.

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

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

Report problem with this ad

Posting on CougarBoard

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

Report problem with this ad