Quote:
Originally Posted by Vegas69
That sound exactly like the pitch I got from my advisor.  |
I had to chuckle because your pitch sounds exactly like the one the last two financial advisers (stock brokers) I had gave to me to try to get me to invest more money with them instead of in real estate or life insurance.
It's all good, I've been down the to buy or not to buy life insurance debate many times. I fully understand both sides of the discussion. I have seen the Life policys that go broke, don't return as projected, and companies that do not pay out as promised when asked to do so. It is a touchy vehicle for sure, research and timing is key.
Personally, my overall annual ROI on my market investments since I started investing back in the early 90s has been no where near 8%. In fact those returns look paltry compared to the 6ish % my Whole Life policy has returned (tax free) to my account year after year. The net asset value of my life policy has never had a down year, never lost value and never failed to pay a dividend. Also, if you ever borrow from the cash value of my policy, you pay interest sure...back to your own policy... You are basically borrowing money from yourself. Maybe I'm lucky but I prefer to think I just did my homework and picked a good one at just the right time...just like a lot of us have done with our dividend paying stocks in this thread.
If I get some free time, I'll create an updated ROI spreadsheet on my life policy and share it with everyone. Right now I'm buried in year end payroll duties, tax return prep, estimated tax payments and preparing for a 3-4 week vacation trip out West in a couple of weeks. Priorities ya know...
