Cashing Life Insurance
Cash value Life Insurance, is there a value?
A friend of mine recommended me to an investment group that deals in all areas of insurance, investment funds, money markets, etc. I met with them to discuss savings options and immediately jumped into the insurance fund value life. I know get bigger kick back life insurance as I worked briefly in that industry for a short period of time. I wanted to see what other people's opinions were in life insurance with cash value and whether or not the savings was really worth it or if you simply must put some money elsewhere.
In general, investment in life insurance is not the best option. Once you have exhausted all other tax-deferred options such as 401k and IRA and if you are in good health can sense about investing in investment total liabilities. Annuities fall into the same category. There are also some property tax advantages to Universal Life insurance that apply to rich people high. If it's something you want to pursue him to show some illustrations guaranteed and not invest until you are comfortable with what they are doing.
Should Seniors Cash Out Life Insurance Policy?