Reply to Life Insurance for mid-50s

Forum Index » Money and Finances

Reply to "Life Insurance for mid-50s"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My husband and I started working with an hourly-based financial advisor outside of our area with an interest in getting help with cash flow issues. We have spent the first few months working with this advisor on getting new life insurance policies and the policies this advisor are recommending for us are so expensive. We went to the advisor with a goal of getting help with our cash flow and now we are unexpectedly down a lot of money on these new life insurance policies (if we move forward with the recommended policies).

[b]Are expensive term life insurance policies typical for those in their mid-50s?[/b] [/quote]

They are typical of financial advisors that are taking their clients for a ride.[/quote]

OP here. So, are you saying that an honest financial advisor likely wouldn't recommend such a policy at all?[/quote]

As it them point blank if they are a fiduciary.

Are they fee only? You can find one here: https://www.napfa.org/find-an-advisor

https://money.usnews.com/financial-advisors/articles/what-is-a-fee-only-financial-planner

How is your advisor getting paid? Are these whole life policies — they have so many fees and poor performance.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics