Anyone have it? Who offers the best? What do you pay monthly?

Originally posted by Moose
Anyone have it? Who offers the best? What do you pay monthly?

I can't afford whole life yet, so I'm gonna buy a convertable term policy. That way it's cheap now, and I can convert it to whole life when I can afford it.

I have a 35,000 whole life police w/ state farm... It's not that much... like $30/mo or something. I don't remember cause I pay it all with my auto and together it's like $140/mo. plus I have a multi-line discount :D

It's also possible to get term life that has a return of premium provision. I don't know what you're going to use the whole life policy for though.

Look for a company that is at least A rated. There are a lot of options you can attach to a whole life policy.

with mine i have the savings thing, where after so many years you have x ammount saved up, and you can take it out for emergencies, etc. fiured that was a good way to save since I'm not that good at it by myself. emergency $$ ya know

Yep, you can also use the cash value as colateral for a loan, or loan yourself money and pay it back with interest and make money for yourself.

Whole life is BAD INVESTMENT.


I let my insurance be my insurance, I do my investing with investments.

I'm with DRM on this one :eek:.

Look at the home offices of every insurance company. They're huge impressive, expensive buildings. They built those buildings with YOUR money. The insurance industry is milking the American people for billions of dollars every day. They are thieves.

:mad:

Originally posted by DRM
Whole life is BAD INVESTMENT.


I let my insurance be my insurance, I do my investing with investments.

Exactly!! Term life, term life, term life!!

I have a policy for $500,000.00 guaranteed renewable for the next 20 years. It costs me less than $250.00 a year and the insurer that has an A++ rating. I'll get another 20 year policy in ten years time that will more accurately reflect my income at that stage of life. I'll keep doing this every ten years as long as they'll let me or until I kick.