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Life Insurance

Anonymous
Posted by Anonymous
  • 8 Replies

Do you have it? What company do you use? Whole or term?


I've slacked in this department, but I'm ready to grow up here. Can anyone give me advice on buying life insurance?

Posted by Anonymous on Jul. 23, 2014 at 4:41 PM
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Replies (1-8):
Anonymous
by Anonymous 1 - Original Poster on Jul. 23, 2014 at 4:46 PM

BUMP!

MelDyann
by Silver Member on Jul. 23, 2014 at 4:47 PM

Term.  Whole life is not a good product to invest in.

KairisMama
by Emerald Member on Jul. 23, 2014 at 4:47 PM
Allstate- term 30 years
Anonymous
by Anonymous 1 - Original Poster on Jul. 23, 2014 at 4:49 PM

Ok so silly question.... Do you get any money back from term if you don't pass before it's limit? 

Hubris_Huntsman
by on Jul. 23, 2014 at 4:50 PM
Term from American General.
Hubris_Huntsman
by on Jul. 23, 2014 at 4:51 PM
No.

Quoting Anonymous:

Ok so silly question.... Do you get any money back from term if you don't pass before it's limit? 

Anonymous
by Anonymous 2 on Jul. 23, 2014 at 4:52 PM
I have a combo term and whole life through Northwestern Mutual.
Anonymous
by Anonymous 3 on Jul. 23, 2014 at 5:00 PM

By Dave Ramsey

Myth: Cash value life insurance, like whole life, will help me retire wealthy .
Truth: Cash value life insurance is one of the worst financial products available.

Sadly, over 70% of the life insurance policies sold today are cash value policies. A cash value policy is an insurance product that packages insurance and savings together. Do not invest money in life insurance; the returns are horrible. Your insurance person will show you wonderful projections, but none of these policies perform as projected.

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