November 11, 2013

Saving money is wise. Saving money in a cash value life insurance policy (whole life, traditional, and variable) is not. Why?

3 thoughts on “November 11, 2013”

  1. Katherine Graham says:

    Because whole life, traditional, and variable life insurance policies have commissions and high fees that benefit the salesman/saleswoman.

  2. Alex Christianson says:

    This combination of “insurance and investment” will cost you! They have loads of commission tacked on to them so the financial industry loves them for be so valuable and great for themselves. And if you do happen to die it may be when no one depends on you. Buy term life policies instead if you are going to. They are less inexpensive and you can use your savings on good investments instead.

  3. Mike Finley says:

    Both answers were spot on. I have nothing further to add. Well said!

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