[PayNoAttentionManBehindCurtain]

If its whole life you're losing money. Its sold on the basis its an investement and it builds cash value, they tell ya you will be earning interest, what they don't tell ya its about 1.3%. Worse yet is the fact that you never receive it. The ins co has found a way to pay all the interest, not to you, but to itself. The interest earned is added to your cash value.

Say you buy a whole life policy at age 35, death benefit $100.000 after paying a premium of $1,300 for 20 years you have $35,400 cash value, you die at age 55, you would think your family would get 135,400 right? Wrong! Your family only gets face value $100.000 Where did that 35,400 go? In their pockets. If ya borrow it before your dead, they take it out of the face value and your family gets $64,600. Its sucks

BigMack

[Invincibly Ignorant]

how do I know I got this face value stuff?

[SoothingDave]

Say you buy a whole life policy at age 35, death benefit $100.000 after paying a premium of $1,300 for 20 years you have $35,400 cash value, you die at age 55, you would think your family would get 135,400 right? Wrong! Your family only gets face value $100.000 Where did that 35,400 go? In their pockets. If ya borrow it before your dead, they take it out of the face value and your family gets $64,600. Its sucks

That can't be right. When there are dividend payments on the whole life, they are used to buy more coverage. So the face value of $100,000 would increase. That's the way I understand it.

SD