buy term (way cheaper), invest the difference in cost.

May 20, 2019
10:48:50am

OC_Ute 3rd String

whole life has a baaad return. you will be better off overall if you simply invest the difference in a mutual fund or ETF.

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OC_Ute

Bio page: OC_Ute
Joined: Jun 16, 2014
Last login: May 22, 2024
Total posts: 430 (0 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.

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