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The Water Cooler
General Discussion
Life Insurance - Who/What do you have?
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<blockquote data-quote="garytx" data-source="post: 3988033" data-attributes="member: 49752"><p>Keep the whole life if you can afford it. It is a great savings vehicle. Yeah, I know it's expensive but keep if if you can. If not, your agent should be able to roll your existing policy into a long-term universal life-like product that will allow you to have life insurance. Be sure to pay attention to the cash value in your insurance policy and roll that into your universal life. If you take a distributor from the whole life you pay taxes on it. Talk to your agent.</p></blockquote><p></p>
[QUOTE="garytx, post: 3988033, member: 49752"] Keep the whole life if you can afford it. It is a great savings vehicle. Yeah, I know it's expensive but keep if if you can. If not, your agent should be able to roll your existing policy into a long-term universal life-like product that will allow you to have life insurance. Be sure to pay attention to the cash value in your insurance policy and roll that into your universal life. If you take a distributor from the whole life you pay taxes on it. Talk to your agent. [/QUOTE]
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Life Insurance - Who/What do you have?
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