Quote:
Originally Posted by simplepeddler
Okay so, I am waist deep in the Dave Ramsey Financial Peace University.
Of Course, he hates cash value life insurance and makes a good case for it when it comes to numbers.
I have no problem saving the money into a mutual fund. I always pay myself first.
So, 6K a year in a mutual fund after 20 years averaging just 5% is 215K or so. Same amount going into an Estate Complife plan only Garantees me 86K or so with a cash surrender of 163K
so question is why do it??
and second question is what the hell is the difference between Guaranteed and cash surrender?
I know I should be taking to my agent, but the guy talks so fast I can't catch up with him.
He is smart as a whip and several multi millionaires use the guy, so I know he makes them money.
What say you salty cajun "gurus"?
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SP, explain this to your agent because he needs to know what he is doing that could cost him business. After that, ask questions until you understand completely and don't back off. I am not that smart so most of my clients have no trouble understanding my explainations.
