Reply to "Stupidity"

550 PhilFear the Yorkie! Supporting Member

Michael. You are right. What I’ve learned is that the only way you can really benefit from a whole life insurance policy is to die. My wife will live a lot longer than me. Basically I will put $550,000 into this policy over 30 years and then pull $800,000 out of it until I die by my estimates by about 88 years old. Then when I die my wife will get a million dollars. I know I won’t benefit from all of it but it’s still an incredible pay off.

$550,000 in and $1,800,000 out.

6/24/224:18 PM

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