rdz@ccice5.UUCP (Robert D. Zarcone) (04/03/85)
I recently bought an insurance policy with the intent of using the cash value each year to finance an IRA (this is what the policy is designed for). A representative from a competing company then showed me a policy that had a premium about two-thirds of what I am now paying and told me I had really been taken. Her policy was "Unit Life" while the one I have is "Whole Life". Before I make another payment and make a bad deal worse, I need to know if I really have a bad deal. Can anyone suggest where I might get OBJECTIVE advice on my current policy? Does anyone have experience with this type of arangement? *** REPLACE THIS LINE WITH YOUR MESSAGE ***
rdz@ccice5.UUCP (Robert D. Zarcone) (04/08/85)
> I recently bought an insurance policy with the intent of using the > cash value each year to finance an IRA (this is what the policy is > designed for). A representative from a competing company then showed > me a policy that had a premium about two-thirds of what I am now > paying and told me I had really been taken. Her policy was "Unit Life" > while the one I have is "Whole Life". Before I make another payment > and make a bad deal worse, I need to know if I really have a bad deal. > Can anyone suggest where I might get OBJECTIVE advice on my current > policy? Does anyone have experience with this type of arangement? > Make that "Universal", not "Unit" Life. *** REPLACE THIS LINE WITH YOUR MESSAGE ***