Jun 17, 2022
9:52:08pm
9:52:08pm
Whole life is the product that makes the advisors the most money. That should
be instructive.
Any advisor pushing whole life, presenting it as a need should be avoided.
Generally speaking, you want generous (I say 7-10 x your salary) term life until your kids leave and the home is paid off. By then your liabilities will be greatly reduced and you’ll have enough of a nest egg for your wife if something were to happen to you.
Any advisor pushing whole life, presenting it as a need should be avoided.
Generally speaking, you want generous (I say 7-10 x your salary) term life until your kids leave and the home is paid off. By then your liabilities will be greatly reduced and you’ll have enough of a nest egg for your wife if something were to happen to you.
Originally posted on Jun 17, 2022 at 9:52:08pm
Message modified by canofpicante on Jun 17, 2022 at 9:55:57pm
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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?
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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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The exact commission paid to the agent on the contract should be a disclosed line item on the contract.
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