Quote:
Originally Posted by Spencer Brown
This is Spencer.
I've recently heard about a whole life insurance policy. I've been reading up on it and it seems to have some defiant benefits. It talks about using the savings for retirement, to finance purchases, etc.
Is this something smart to invest into? All of my neighbors have already bought into it.
Thanks
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Do these same neighbors have hefty car loans and pay minimums on credit card balances? Term is better anyway, but certainly do not get a whole life policy because its the "cool" thing to do in the neighborhood!