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Audrey Said:

I bought Whole life insurance in 1990, has not done well. How can I get better return on this? Cash / reinvest

We Answered:

buy turm & invest the difference

Jamie Said:

A life insurance policy is a financial asset, with the premiums paid representing the investment's cost.?

We Answered:

I don't.

Life insurance is a DEATH planning tool, and sometimes an ESTATE planning tool. It's a crappy "investment" tool. Don't expect a "return" on investment with it.

Kinda like, using a Prada shoe to hammer a nail into a wall. Yes, it works, but it's a damn expensive way to hammer a nail in a wall. There are much, MUCH better ways to get a "return" on your money, than insurance.

Ron Said:

Have I lost my life insurance cover?

We Answered:

Preexisting conditions don't apply to life insurance, unless there is a specific exclusion in the contract. Even if you knew of the disease or had indications, the policy is beyond the contestability period (two years in most states, nowhere more than three), so it cannot be invalidated.

Keep the policy.

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