No. of Recommendations: 0

I don't think Warren Buffett himself could give you investment advice good enough to overcome a 5% load.

I'd run away from this guy as fast as you can. If you need life insurance, buy term and invest the difference in cost between term and VUL in a low-fee mutual fund.

I laughed out loud at your Buffett observation! <s>

And people wonder why I choose to do my OWN "due diligence" and investment decisions!? Where do these people get "certified" as "advisors"!?

I have a term policy on me, just until our final mortgage payment is made, so my wife would not be stuck. Premium was locked in several years ago, too.

The cost of "whole" life is so much more than term that it is shocking. I agree with all you say.

Oh, and for a retired couple to be taken in by these ads on TV for "units" of (obviously, whole) life insurance, with no physical.... ye gods.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.