as to life insurance...

本帖于 2012-01-18 20:02:15 时间, 由普通用户 jy101 编辑
回答: 有人了解IUL保险么,值得买么money2012-01-18 17:20:56

I am not a big fan of life insurance companies, to me, it should only be use for one propose, is to offer a shield of protection for your family in case of emergency, and usually its not a good investment vehicle.

make sure you fully understand that insurance illustration your agent try to sale you, you must know these numbers are simply hypothetical representations of the best outcome, you should pay more attention what is the guarantee rate of return, instead of the estimated rate of return.

I think most insurance company today only guarantee 3 or 4% on money vested. I have a small whole life policy carries a 7% guarantee, but it was purchased in 1988.

and make sure you understand the different between face value and cash value, some policy's face value doesn't including your cash value, meaning if you die, whatever you had build up in the policy with be gone with the wind.

life insurance policies are usually underwriting productions guarantee by your state, meaning if the company is license to sell in your state, it is guarantee by the state, if the insurance company went belly up, state will take over, but it is only guarantee up to its face value, not its cash value.

I normally recommend a 1mil 20 year leverage term policy, accompany with a small UL or whole life policy, either 50k or 100k.







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回复:as to life insurance... -jy101- 给 jy101 发送悄悄话 jy101 的博客首页 (5460 bytes) () 01/18/2012 postreply 19:39:54

the only reason your agent wants to sell you a high premium poli -jy101- 给 jy101 发送悄悄话 jy101 的博客首页 (176 bytes) () 01/18/2012 postreply 19:45:14

谢谢!分析的非常清楚!!!另外一个懒人的投资问题 -Money- 给 Money 发送悄悄话 (208 bytes) () 01/18/2012 postreply 19:46:59

Buy index fund and hold long enough -naive2- 给 naive2 发送悄悄话 (0 bytes) () 01/18/2012 postreply 19:56:52

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