Inappropriate Whole Life Policy of the Week

Home Insurance Inappropriate Whole Life Policy of the Week

  • The White Coat Investor The White Coat Investor 
    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
    Status: Physician
    Posts: 2699
    Joined: 01/08/2016

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

    #189462 Reply

Reply To: Inappropriate Whole Life Policy of the Week

In case of a glitch or error, please save your text elsewhere, clear browser cache, close browser, open browser and refresh the page.

you're currently offline

Notifications Mark all as read  |  Clear