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
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