Cash Value Life Insurance

Discussion in 'General Lounge' started by RichGuy, May 18, 2003.

  1. RichGuy

    RichGuy Well-Known Member

    Cash value life insurance, including whole life, universal life, and variable universal life (VUL), is a colossal fraud.

    It's just an excuse to charge insurance commissions on investment accounts. Insurance commissions are much higher than the SEC would ever allow for real investment accounts.

    And it isn't really an investment, because when you die the insurance pays off but you (or rather your heirs) lose what was supposedly an investment. The insurance company takes it all to help them pay the death benefit.
     
  2. lbrown59

    lbrown59 Well-Known Member

    The good old trash value rip off.
     

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