My advisor is working on setting up a fund for me and I want to make sure I understand it and he's not just trying to sell me something. It's a Liberty National Whole Life Proposal. This is all new to me. For a $250k policy, I'll pay a monthly premium. The document he gave me has all these columns. It says in 30 years my "cumulative premium paid" is about $80k, my "guaranteed cash value" is about $88k, and my "reduced paid up insurance" is $189k. He mentioned something about selling the policy later in life. Is this an annuity? Maybe I'm missing something but it sounds like I'm getting 8K after 30 years of investing and that doesn't sound very good. I don't know the right questions to ask.
Submitted March 27, 2019 at 12:23PM by bobbintb https://ift.tt/2usRPC7
