Life insurance
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
