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The Water Cooler
General Discussion
Life Insurance and death requests
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<blockquote data-quote="JD8" data-source="post: 2535825" data-attributes="member: 24"><p>Current life insurance products are a versatile financial and health protection vehicle that can be applied in several ways that are especially important to the living. Nobody should use cash accumulation policies to gain income IMO or as an investment to gain wealth. However, they are an asset if you choose the right one, as I've seen several cashed out for 6 figures and a few above. There is no one size fits all just like with ALL insurance. Those that universally recommend any particular platform such as term aren't usually fully aware of the options and are typically just regurgitating what a lot of investment talking heads will parrot.</p></blockquote><p></p>
[QUOTE="JD8, post: 2535825, member: 24"] Current life insurance products are a versatile financial and health protection vehicle that can be applied in several ways that are especially important to the living. Nobody should use cash accumulation policies to gain income IMO or as an investment to gain wealth. However, they are an asset if you choose the right one, as I've seen several cashed out for 6 figures and a few above. There is no one size fits all just like with ALL insurance. Those that universally recommend any particular platform such as term aren't usually fully aware of the options and are typically just regurgitating what a lot of investment talking heads will parrot. [/QUOTE]
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