On today’s show we answer in detail a question from one our listeners who wants to know what to do with a Universal Whole Life insurance policy that was purchased when he was a child. What should he do with the policy? Continue with it or dump it and get term life insurance? We run the numbers and explain why 99.9999% of the time term life is always better than whole life.
On a related note, we did a show back in December on whole vs. term life insurance (beware of poor audio quality) and went into detail why you need life insurance.
If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. Please Email me them at JWFinancialcoaching@gmail.com -You may subscribe to the Podcast either through Feedburner or iTunes.
You can find prior editions of the podcast at the podcast archive page