Debunking the Myths of Whole Life Insurance
This popular series explains what whole life insurance is and the various methods salesmen use to sell it to you (usually inappropriately). Be forearmed!
This popular series explains what whole life insurance is and the various methods salesmen use to sell it to you (usually inappropriately). Be forearmed!
Should you buy whole life insurance? The short answer is, "Probably not." This is a product designed to be sold, not bought, where 80% of its purchasers eventually regret their decision. Are you one of the exceptions? Read this post to find out.
It takes 5-15 years for a typical whole life policy just to break even to where your surrender value equals your premiums paid (not counting the time value of money or inflation.) If you count inflati...
Today we continue our series on whole life insurance. This week we've learned how whole life works and that it isn't great insurance or a great investment. Yesterday we learned that whole life insur...
Today we continue our series on whole life insurance. On Monday we learned about the basics of whole life. Yesterday, we learned it isn't the best way to protect your pre-retirement income, that it...
[Editor's Note: This week is going to be all about whole life insurance. Regular readers know I'm not a huge fan of whole life as an investment and generally recommend against it in most situations....
The posts on this website about cash value insurance continue to attract comments (mostly from those who sell it) like a knight in shining armor on a summit in a thunderstorm attracts lightning. Mont...
[A Note From The Author: This is the most visited post on this blog. If this is your first time here, welcome! This post has generated more hate mail and hate comments than all of my other ones comb...
Don’t make these seven common mistakes that cause doctors to fall short in reaching financial success.