September 4, 2014

Life insurance products are poor options when investing your money. Why? Alternatives?

2 thoughts on “September 4, 2014”

  1. Karen says:

    Whole life insurance policies have high fees which reduce any investment gain. A better choice is term insurance which is simply that – a specific amount for a prescribed time

  2. Mike Finley says:

    Well said, Karen. Cash value life insurance (whole life, variable life and traditional life) charge high yearly fees to pay the high commissions that they pay their salespeople to sell the products. Everyone wins except YOU, the investor. DO NOT invest using life insurance products.

    If you need insurance, buy term (annual renewable or level term). If you want to invest go to your company retirement plan and/or a Roth IRA ( is a good place to start), while investing in no-load index mutual funds. That will eliminate the commissions and keep your yearly costs at a very low amount. YOU win in that scenario!

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