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Inappropriate Whole Life Policy of the Week

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  • The White Coat Investor The White Coat Investor 
    Keymaster
    Status: Physician
    Posts: 3954
    Joined: 05/13/2011

    This one is an IUL, not whole life, but looks even worse than most whole life policies as far as I can tell, and this in a bull market. That’s right, 80% loss after 2.5 years.

    I made a post last Fall about an IUL policy I own. I still have it
    and am wondering what you think I should do with it. Here’s some
    background info:
    
    I’ve had it for 2.5 years. Monthly premium is $500. Face amount is
    $532,000 with increasing death benefit. Cash value is $18,733. Total
    surrender value is $5398. Total premiums paid $25,500 
    
    
    

    Site/Forum Owner, Emergency Physician, Blogger, and author of The White Coat Investor: A Doctor's Guide to Personal Finance and Investing
    Helping Those Who Wear The White Coat Get A "Fair Shake" on Wall Street since 2011

    #189082 Reply
     Peds 
    Participant
    Status: Physician
    Posts: 2699
    Joined: 01/08/2016

    wonder why this person cant see how bad this is….

    #189462 Reply

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