[bolobaby]

Whole life is a scam. Anyone who buys a whole life policy is a supreme idiot.

[sodpoodle]

It’s good for the underwriter - builds cash value - and if it was a Federal program - you know it would be FOR LIFE!

The Feds could pull it off without our knowing about it.

They could show an insurable interest in our lives - that we are dependent on SS and Medicare, etc., etc.,!!!!

Bustards!

[Gaffer]

I'll have to admit, I am one of those idiots. It was 1969 and I was 19 overseas with a pregnant wife and a Metropolitan Life expat vulture got his claws into my fears.

He convinced me to buy a whole life policy for $15,000 for the paltry sum of $33.65/month (to the penny-I'll remember that amount for the rest of my life). It sounded great "at age 65 you get the $15K". Only it took me a few years to finally delve into the wording. The 'Age' they were talking about was the effing policy age!

I'll tell you one thing, if you ever see an agent for Met Life, tell that mother f@cker to step off before he gets his ass shot. They were, are and will always be crooks in my opinion.

[ObamaMustGo2012]

<< Whole life is a scam. Anyone who buys a whole life policy is a supreme idiot. >>

That is simplistic, at best.

Remember, term policies expire at age 70. Whole life doesn’t. Having a whole life policy that can take care of funeral expenses, old age costs, etc. COMBINED with having term and mutual funds makes for a well-rounded portfolio, and having a well-rounded portfolio is NOT the result of supreme idiocy.