Jun 17, 2022
5:27:21pm
5:27:21pm
Probably don’t do it but if you are maxing out every other possible
type of account (401k, etc) and you are putting a good amount in a brokerage account as well and then you are looking for another place to park some money as a diversifier then MAYBE it could be ok. For most people there is no benefit to doing a whole life policy but in some circumstances it can be ok. If you add a rider to cover future long term care costs, etc. or as a way to pass on money (estate planning need) then whole life can play a role as well.
- Bio page
- 1981coug
- Joined
- Nov 29, 2007
- Last login
- May 24, 2024
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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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