I’m an RN in California, single, living with parents, I used to work full time but just went per diem, i have like 7k in savings, I have $20k in student debt but my parents are paying it for me on a loan (i pay them back with no interest)
My advisor is insistent I buy whole life insurance even if it’s $50 per month . He says ultimately it’s my choice but he’s implying that it wouldn’t be smart NOT to do it
My friends and their parents who are well versed in finance have all told me that life insurance isn’t a good investment and that i’ll get better return investing in other things. I’ve told my advisor this and he says this is just ONE investment out of many, you know spreading out the basket, and that my friends /their parents don’t know the intricacies of my financial plan
he’s pretty convincing but ultimately i just want to know if he’s just pushing this for his commission or if it actually is a good idea for me...
Submitted May 26, 2021 at 04:59PM by ngnm0705 https://ift.tt/3bWpytJ
