Ramsey Everyday Millionaires Why Whole Life Insurance Plans Are Trash
Sep 13, 2023
The podcast discusses the problems with whole life and universal life insurance, emphasizing the expensive fees and shortcomings. It also explores the relevance of life insurance for financially independent individuals and the distinction between insurance and investment decisions. Additionally, the hosts talk about investing in low turnover mutual funds or real estate for tax-deferred growth and question a financial advisor's motives for suggesting a life insurance retirement plan.
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