I was wondering if there is a good Retirement Life Insurance policy to purchase?
Brad
Spring, TX.
Brad,
Retirement life insurance also known as Permanent insurance, Whole Life, Universal Life, Equity-Indexed Universal Life and Variable Universal Life is regularly promoted as the perfect retirement life insurance vehicle or the new way to build wealth.
First of all, I believe that the need for retirement life insurance should be met in the most economical way possible. With universal insurance, where life insurance is combined with investing, you end up paying too much for the insurance while earning too little on the investment. It’s the worst of both worlds. Term insurance allows you to purchase the life insurance you need at a lower cost, while giving you the flexibility and control over your investments.