re: Northwestern Mutual - Should I?

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Whole life, universal life, annuities, and other BS instruments are nothing more than smoke screens to hide excessive fees and commissions. Its a shell game that most people can't figure out. The products are sold exploiting individuals fear of the unknown and love for their family.

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roll eyes is cute and all, but are you really going to claim that any of the abovementioned products are recommended by more than a handful of people who don't get paid a commission on them

you can roll your eyes all you like, but the VAST majority of unbiased financial experts agree with my view.

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Also, the numbers the insurance company give you on market returns vs their returns over time are HIGHLY suspect.

You have any stats to back this up, or just your assumptions?

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this is an assumption based on the reality that no insurance company or mutual fund is going to advertise time frames in which they did not beat the market...unless they only have data showing their poor performance, or they're morons...so no, I don't have anything to back it up other than common sense

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these are the same guys that charged you 6% fee on a fund that sells at ZERO fee to everyone else.

Huh? Who is buying American Funds for no sales charge?

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My mistake. I didn't realize that all American Funds had near criminal sales charges of from 2.5 - 6%. I thought they had some funds without the outrageous fees. So I'll edit my statement say:

One should NEVER trust anything that comes out of the mouth of a 'financial expert' that advised them to buy a mutual fund that was -6% the day they bought it. You OK with that?