Posted: 5/4/2006 11:45:27 AM EDT
| Can someone explain the differences between Whole, Term, Universal? Why would I want one over the other. I currently have some Term and a Universal policy. I purchased these through my finace guy. Of course he says it's the way to go. A guy at work told me to dump the Universal policy, invest that money elsewhere, and stick to the term. What do you all think? |
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Just ask what return the investment portion of the whole life/universal/whatever the BS of the year is. Not what they calim it has returned, what the minimum return is. Most are painfully low. Savings Bonds and term are a better deal (and savings nbonds are pretty bad). |