Jun 17, 2022
5:22:13pm
5:22:13pm
You don’t get rid of whole life once you’ve already paid the front-end load fees
in the first few years. That’s where the pain is at. So while you’re right that he wouldn’t care now, it would be a financially illiterate thing to do now.
Sure, it required that I pay more for the same investment, but it hardly put my financial retirement “at risk.” I definitely spent a solid $12k more in fees, I figure, but that is not making or breaking my retirement.
Sure, it required that I pay more for the same investment, but it hardly put my financial retirement “at risk.” I definitely spent a solid $12k more in fees, I figure, but that is not making or breaking my retirement.
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6/17/22 5:01pm
6/17/22 5:07pm
6/17/22 5:16pm
6/17/22 5:42pm
6/17/22 5:01pm
I always hear this but never hear those situations, could you or someone else explain a hypothetical where it works?
6/17/22 5:05pm
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6/18/22 3:32pm
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6/19/22 11:26am
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6/17/22 5:18pm
6/17/22 6:46pm
Ask him: "With respect to your advice on this whole life policy, are you a fiduciary?" and post his response here.
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6/18/22 10:09pm
The exact commission paid to the agent on the contract should be a disclosed line item on the contract.
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