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re: My Whole Life Ins. situation and advice request
Posted on 8/2/22 at 10:55 am to LSUDMD
Posted on 8/2/22 at 10:55 am to LSUDMD
quote:
LSUDMD
You understand this is the sort of thing that kills Docs net worth right? You said didn't have any equity to do a $75k loan but you are paying $750/ month in life insurance and probably have some other shite murdering your ability to save.
Not talking shite, just saying this is the exact product insurance salesman and others love to pitch to high income people that really can't "afford" it.
1
Posted on 8/2/22 at 11:33 am to baldona
I’m a life insurance agent and I haven’t pushed a true whole life product in years. It just doesn’t make sense unless you are protecting your family from estate taxes or have a disabled child that you’ll take care of forever or something like that. 99% of the time it’s the wrong option.
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