Is Permanent Life for me? Hell no. Is it for anyone? Not unless you want to get charged fees to take out your own money, have no cash value for the first three to fives years you own the policy, wait up to six months to receive cash value, borrow at a higher interest rate (6-8%) than what ends up in your cash value account (2-4%) & leave your beneficiary with only benefits while all the cash value you've accumulated goes to the insurance company. Great deal, huh? Say no to Cash Value Insurance
Is Permanent Life for me? Hell no. Is it for anyone? Not unless you want to get charged fees to take out your own money, have no cash value for the first three to fives years you own the policy, wait up to six months to receive cash value, borrow at a higher interest rate (6-8%) than what ends up in your cash value account (2-4%) & leave your beneficiary with only benefits while all the cash value you've accumulated goes to the insurance company. Great deal, huh? Say no to Cash Value Insurance
yoranasshole 6 months ago