Ask Terry Questions Life insurance

Life insurance

By Terry Savage on May 10, 2024 | Insurance & Annuities

My husband & I are 70 & 75 last year we bought whole life insurance. 30.000 each so total 60.000. The cost for both is close to 5.000 a year. Looking back i think we made a mistake. What are your thoughts on this “bad move”?

Terry Says

Someone made money on this deal — but it wasn’t YOU.  It was the insurance salesperson.

It’s hard to comment on alternative uses for this money without knowing more about your entire financial picture.  That’s why Irecommend a meeting with a fee-only fiduciary advisor, who can review your situation as well as this policy, and come up with a better idea for this money.  Read this:  Pam Krueger Wealthramp – Terry Savage



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