Ok, go easy on me as I am newly licensed and trying to educate myself on Different types of insurance and top selling points.
A friend of mine said "a whole life policy" is better than a savings account??? Since i was studying MA, lately, his statement threw me for a loop
I tried doing some research on google but come up with Dave Ramsey (who i don't trust) and various other sites like bankrate.com, etc.
I thought i would asks the pros for a general synopsis of how a whole life policy is better than a savings plan.
I know you have to make payments to maintain your whole life policy, so, if you miss a payment, i'm pretty sure the plan is cancelled (after a period of time).
- Can someone share with me, the basic bullet points on why a whole life policy is better than a savings plan?
Anyway, i sure appreciate it and
Thanks for your input!