Common question on here but my dad talked me (28M) into a whole life policy 5 years ago before I started to care or learn about personal finance. I pay $57/month for a $60k whole life policy. I have no kids and my employer gives me a free term policy equal to my salary and i boost it to 1.5x my salary for $.57 per biweekly pay period along with a free AD&D policy.
Feel like I'm wasting money on this whole life policy. The current value is only like $350. Feels like I'm stuck in the sunk cost fallacy, looking for Reddits opinion.
Submitted August 17, 2024 at 09:21PM by boilerhawk96 https://ift.tt/Iqj4UCo
