Quote:
Originally Posted by aschen
Pretty much every credible source on the internet and media are adement that whole life insurance is a terrible idea. There are countless illustrative real life examples that show negative rates of return in practice.
Most of the premiums go to commissions and the insurance companies.
Ill happily consider any arguments to the counter, however, but the only people I have seen recommend these are people that sell them.
|
since it's only part of my inventory, life insurance isn't the sole focus, nor does it generate much of my income.
it does work well if properly designed to fit into a portfolio. not sure if folks have seen a max over funded policy that is paid up in 7 years. after that it is pure profit for the policy holder. put it where you normally put your muni bonds.
I can't speak for any one but myself, but I take my time with clients to understand their objectives and find the best model to achieve their goals.
if I have put them on the right path and they do well, isn't that what is important?