Best Life Insurance If You're In Your 20's (2014)

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Postby otter » Tue Dec 17, 2013 9:06 pm

djrez4 wrote:If you can find a no-load fund with a low enough buy-in, maybe. Plenty of young people can't afford to drop $5,000 into a fund, but they can afford a couple hundred a month for a whole-life plan.

And invariably, the first few thousand spent in a "whole life" or "universal life" or whatever term insurance companies are using to sucker people in nowadays is spent on premiums. I played that game a long time ago. Try borrowing from your "cash value" after three years in one of those plans... won't even buy you lunch at a nice restaurant.

Mutual funds suck anyway... most stock mutual fund managers don't match the S&P. Your better off buying ETF's with a lot less fees and if you know what you're doing no commissions.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

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