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re: Give me scenarios where whole life/VUL would be a good idea to own
Posted on 3/20/24 at 9:07 am to JL
Posted on 3/20/24 at 9:07 am to JL
Whole life and vUL are not investments, by the way.
If you need life insurance (you don't already have enough term coverage?), you should feel free to consider WL and vUL.
But if you've ever made an unkind comment about brokerage fees and management fees, I would encourage you to put your money elsewhere.
If you need life insurance (you don't already have enough term coverage?), you should feel free to consider WL and vUL.
But if you've ever made an unkind comment about brokerage fees and management fees, I would encourage you to put your money elsewhere.
1
Posted on 3/20/24 at 9:56 am to meansonny
quote:
you don't already have enough term coverage?)
Life insurance companies love Term policies because they are a huge money maker. Only 2% of term policies pay a death benefit.
As to the OP I would steer away from VUL due to there being no guarantees. Go with a WL plan that is offered by an A rated mutual company.
This post was edited on 3/20/24 at 9:59 am
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