Whole life insurance is USA any one taken ?

[bpr]

as others said term life insurance is the right choice for young and middle aged. whole life insurance is almost a scam. I work for insurance company(IT)

[siva604]

9 minutes ago, chandrabhai7 said:

Antey if we RIP before that 20 years your beneficiary will get 1.5 million. ?

 

if no RIP? Watever you paid is gone?

Yes. It is just like car insurance.

[chandrabhai7]

Just now, siva604 said:

Yes. It is just like car insurance.

Ok thanks 

[Telugodura456]

20 minutes ago, chandrabhai7 said:

Antey if we RIP before that 20 years your beneficiary will get 1.5 million. ?

 

if no RIP? Watever you paid is gone?

same as any insurance ba. If your car is not damaged whatever you paid is gone right ?

[Telugodura456]

whole life insurance also has uses. In whole life they basically use a part of your payment for investing and a part for insurance premium. In one way it provides a forcible saving option.

But if you are disciplined then  you can split both - buy insurance for protection and investments for investments.

[DammaDakkaDolly]

57 minutes ago, chandrabhai7 said:

Atla kadu ba. Term lo whatever u pay won’t come back to you antaga. Where as whole lo whatever you pay you get back anta ? 

Nuv pothey vasthai term lo .. and your family will be safe Nuv lekunna 

okavela pokunda untey adhey goppa..

[jalsa01]

43 minutes ago, chandrabhai7 said:

Antey if we RIP before that 20 years your beneficiary will get 1.5 million. ?

 

if no RIP? Watever you paid is gone?

Yes.. neku kavalante 20 years ni 30 yrs kuda teskovachu anukunta but with little high premium.. main objective entante prime age lo risk ite depends get huge Lumpsome money 

Neeku returns kuda kavali ante invest diff bw (life insurance premium) - (term insurance premium )  ni monthly edo oka stock or mutual funds lo invest chey over 20yrs span avi kuda baga raise avutai with compounding..