life insurance

Anonymous · ‎10-16-2008

What does Suze say about life insurance, term vs whole?

MattH · ‎10-16-2008

@Anonymous wrote:
What does Suze say about life insurance, term vs whole?

I don't know for sure what she says, but most financial advisors recommend term, because the investment component of whole life doesn't have a very high rate of return.

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
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Anonymous · ‎10-17-2008

Yep- Buy Term -

johnsj21 · ‎10-17-2008

Whole is a VERY outdated product - buy term. If you're looking for permanent insurance go with universal life.

9/26/08 TU: 528 EQ: 558 EX: 560
11/7/08 TU:584 EQ:601 EX 600
7/21/09 TU:636 EQ:626
12/27/11 TU: 675 EQ:680

marty56 · ‎10-17-2008

Dave Ramsey says term is the only way to go.

1/25/2021: FICO 850 EQ 848 TU 847 EX

haulingthescoreup · ‎10-17-2008

marty56 wrote:

Dave Ramsey says term is the only way to go.

Even a blind squirrel finds a nut every once in a while.

We only do term, all the way. Take the extra money you would be paying for whole life and put it somewhere practical.

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

marty56 · ‎10-17-2008

@haulingthescoreup wrote:
@marty56 wrote:
Dave Ramsey says term is the only way to go.
Even a blind squirrel finds a nut every once in a while.

Ouch.

1/25/2021: FICO 850 EQ 848 TU 847 EX

Anonymous · ‎10-17-2008

haulingthescoreup wrote:
marty56 wrote:
Dave Ramsey says term is the only way to go.

Even a blind squirrel finds a nut every once in a while.

We only do term, all the way. Take the extra money you would be paying for whole life and put it somewhere practical.

You could have worked for Primeamerica

I have a huge Term policy -

My family would need it now if anything were to hapen to me-

In 15 years - we can re-evaluate (youngest is 8)

Anonymous · ‎10-21-2008

Suze says TERM... she says whole life is a rip off product that brokers sell you just to make themselves rich.

I happen to have one of her books in my car that I re-read when I get stuck waiting somewhere.

Junejer · ‎10-21-2008

Timothy wrote:
haulingthescoreup wrote:
marty56 wrote:
Dave Ramsey says term is the only way to go.

Even a blind squirrel finds a nut every once in a while.

We only do term, all the way. Take the extra money you would be paying for whole life and put it somewhere practical.
You could have worked for Primeamerica

I have a huge Term policy -
My family would need it now if anything were to hapen to me-

In 15 years - we can re-evaluate (youngest is 8)