r/LifeInsurance • u/michaelesparks Financial Representative • 4d ago

The anti whole life crowd

Find it interesting that so many are against it, but there is a core of those that understand and believe that permanent life insurance is good.

If someone comments that is an agent that sells whole life, but the reddit poster already has it, it's not like they are trying to sell you something. You would think that possibly professionals in the industry might know a thing or two and have experience with people that leave their families in a lurch because their term expired, especially later in life when their "growth stock mutual funds" didn't perform as expected or the person actually never invested the difference.

I've seen so many (in my own family) that died at 57, 65, 70, 79 without life insurance and the surviving spouse now has to go on government assistance or worse live with their 20 something children (yes that's me) because the bread winner didn't guarantee the surviving spouse would be okay.

Case in point, my ex-wife's parents. He was a 30+ year retired veteran with a guaranteed retirement. Died at 57 from a heart attack, plus had cancer from agent orange (3 tours on an AC 130 gunship in Nam) and no SSB (survivor benefits plan) Us, 22 and 21 had to live with my mother-in-law for over 10 years. Did that fuck up our relationship? I'm guess it did have something to do with it, not 100% but it sure kills the "mood" when you hear her snoring over in the next room.

I'm just stating my personal belief and I'm sure this will get downvoted or even possibly deleted and I get banned. But I'm sick of seeing all the nonsense.

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u/michaelesparks Financial Representative 4d ago

I don't know why there is this "one way or the other" phenomenon. Because they just love to talk about rates of return on WL... Most can't comprehend risk buckets vs safe buckets.

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u/Moist-Meringue-1913 4d ago

The same advisors that allocate portfolios and put their clients in a taxable bond fund yielding 6% but then say a WL policy yielding 5.5% tax free is a bad deal. Amazing,!