CarenGreen
New Member
- 4
I read a lot of people words that life insurance is just a waste, can someone elaborate why and what is the right policy to avail?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I read a lot of people words that life insurance is just a waste, can someone elaborate why and what is the right policy to avail?
if you keep reading financial pornography and listening to Dave Ramsey, Suze Orman, and Primerica... you're going to have a hard time.
The older whole life polices had vanishing premiums that the client invested in, whereas the new zero premium whole life policies investment return will depend on how much is invested. Whole life or term insurance I am more interested in selling policies that don't lapse or co-lapse as I have heard it called.
All I know is after 27+ years of ownership, my dividend paying whole lives are the only financial product that I don't have to worry about. They do what they say they would waaay back from the day I bought them.
Whole life is the most boring financial product you can own. If you can't figure out immediately why that is important, well I can't help you.