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re: Term life vs Whole life

Posted on 4/27/14 at 8:16 pm to
Posted by reb13
Member since May 2010
10905 posts
Posted on 4/27/14 at 8:16 pm to
quote:

how many threads do we have on this? Whole life is favored by insurance agents the rest of us prefer term life


Rich people like whole life insurance.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 4/27/14 at 8:34 pm to
quote:

Rich people who understand risk and economics like whole life insurance.


FIFY
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 4/27/14 at 9:40 pm to
quote:

Rich people like whole life insurance


What does that have to do with the OP's question? The insurance needs of a person with average income and assets are rarely the same as those of a person with high net worth and/or income.
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