However, surrendering a policy you have held for decades isn’t necessarily a good financial move either. The poor returns of WL are heavily concentrated in the early years, and life insurance of any type does become more expensive as you age and become more ill. Be sure your life-insurance needs, if any, are met with another policy prior to surrendering any insurance policy. Be sure to also calculate your expected return going forward prior to surrendering because the poor returns in the past are now water under the bridge.
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ACEP Now: Vol 33 – No 02 – February 2014
James M. Dahle, MD, FACEP, blogs as The White Coat Investor at http://whitecoatinvestor.com. He is not a licensed financial adviser, accountant, or attorney and recommends you consult with your own advisers prior to acting on any information you read here.
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One Response to “Whole-Life Insurance Is Not an Attractive Asset Class”
November 17, 2014
Jim Dahle: The Doctor Who Debunked the Life Insurance Industry’s Lies | TheRapeOfHongKong.com[…] Whole-Life Insurance Is Not an Attractive Asset Class […]