The tag has no wiki summary.

learn more… | top users | synonyms

6
votes
4answers
218 views

What are the consequences of cashing out a whole life insurance policy?

My wife has bought a whole life insurance policy as an investment before we met. She is currently in her early forties and she has been paying into it for roughly seven years. I do not believe that ...
5
votes
4answers
202 views

Whole life insurance as an investment vehicle

From everything I have read I still cannot be convinced of Whole Life Insurance but it seems to be the first thing any financial advisor is trained to sell. From what I read there are minimum ...
2
votes
3answers
105 views

Whole life insurance - capped earnings

I realize from reading answers here that Whole Life insurance is not the best investment vehicle: When is Cash Value Life Insurance a good or bad idea? How can life insurance possibly work as ...
5
votes
4answers
2k views

Timing on cashing out whole life policy?

8 years ago I was talked into a whole life policy. Big mistake, I know. Currently, the cash value of the policy is around 50% of what I've actually paid in premiums. I would like to cut my losses but ...
4
votes
1answer
1k views

How should I represent a Whole Life insurance policy in Quicken?

I have a Whole Life insurance policy (actually Northwestern's Adjustable Combination Life) and I track my finances through Quicken 2011. What is the best way to set up an account to track payments ...
3
votes
1answer
72 views

How to do long-term financial planning if your career is expected to be international?

I am thinking of getting life insurance and starting to think seriously about retirement (I'm going to turn 30 next year), but I expect that I will live in a couple of different countries over the ...
7
votes
4answers
6k views

“Infinite Banking” or “Be Your Own Bank” via Whole Life Insurance…where to start?

I've been researching the concepts of "Infinite Banking", "Be Your Own Bank", etc., as they seem to be hot topics right now. At first, I was extremely skeptical about the concept, however, I believe I ...
12
votes
4answers
6k views

When is Cash Value Life Insurance a good or bad idea?

What makes CVLI either good or bad? If you get it while young (~23 years old) and have a respectable starting salary then what are some benefits or detriments to having it? The specific policy I'm ...
13
votes
5answers
1k views

Why should I invest my money in a life insurance policy?

As i am 24 now i get lot of calls from lot of insurance companies asking to take up an insurance policy.... So i decided to get answers for some of my questions in basicallymoney... Why should i ...
11
votes
5answers
236 views

What kind of life insurance is cheaper? I'm not sure about term vs. whole vs. universal, etc

What kind of life insurance policies are the cheapest? what are the features of different kinds of policies out there? What should I be looking for?