Do I really want to put my savings in life insurance?
Do I really want to put my savings in life insurance?
Don't anyone find this a bit scammy? Come on. You have to be really dumb to do that. I'm not falling for this scam, no matter how hard this agent is telling me to buy this variable universal life insurance. Get great returns. Yeah, bs!
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3 Responses
1.31.2010
Best Answer – Chosen by Voters Life insurance is not a good investment at all. Because the best benefit pays when you are dead. If you are trying to hedge your bets between a policy that pays a certain amount to your beneficiaries and an income producing investment than a universal life policy may be right for you.But if your looking for a good investment, you could do much better.
1.31.2010
Where's your question? And sure if you make less than $150k per year it's probably not the thing for you to do, but it doesn't make it a scam for those who make more than that…especially since they can't contribute to a Roth IRA.
1.31.2010
OK, so, um … did you have a question for us?