Jill on Money with Jill Schlesinger Whole Life Policy With Inheritance?
5 snips
Oct 10, 2025 John, a caller and executor of an overseas estate, seeks a second opinion after being advised to purchase a whole life insurance policy following a substantial inheritance of about $2.5 million. Jill clarifies the tax implications of transferring the inheritance to the U.S. and challenges the advice on whole life insurance. She recommends working with a certified financial planner instead and highlights the importance of comprehensive financial planning, especially after receiving an inheritance, to avoid high-pressure sales tactics.
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Episode notes
Red Flag: Keep-Assets Pitch
- Brokers often suggest leaving funds in foreign accounts because they want to keep the business.
- That recommendation can signal a conflict of interest rather than a client-first plan.
Eight Rental Properties And Cash Flow
- John revealed he owns eight rental properties that cash flow about $40,000 a year.
- Jill used that fact to show his financial life is complex and needs professional planning.
Avoid Buying That Whole Life Policy
- Do not buy the recommended whole life insurance policy right now.
- Do not sign any financial product documents before getting independent, comprehensive financial planning advice.
