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[quote=Anonymous][quote=Anonymous]Whole life is a scam. Google is your friend on this one. We don't have enough life (250k on me, 500k on dh) but we have 7 rental properties that generate good income as a buffer if something happens to one of us. We also have a 3 million umbrella policy. [/quote] Agree with this. I got sold a whole life policy when I was young, childless, and making a high salary. Surprise! My life circumstances changed and my budget followed; an easily predictable course of events. Like 39% of whole life purchasers, I ended up canceling my account (and losing my investment) within the first 10 years. My agent, however, got a great commission. I learned, but it was an expensive mistake. Here's a good summary of these types of policies from WSJ: http://online.wsj.com/news/articles/SB10001424052702303296604577450313299530278.[/quote]
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