On today’s show we answer in detail a question from one of our listeners who wants to know what to do with a Universal Whole Life insurance policy that was purchased when he was a child. What should he do with the policy? Continue with it or dump it and get term life insurance? We run the numbers and explain why 99.9999% you should go with term life insurance.
On a related note, we did a show back in December on whole vs. term life insurance (beware of poor audio quality) and went into detail why you need life insurance.
If you have any comments, questions, or ideas for future shows you can send them to me and I will integrate them into a future show. There are two ways to get in touch with me:
1.) Email me at JWFinancialcoaching@gmail.com – Please put “podcast” in the subject line and keep your questions brief so they are readable on air.
2.) Simply fill out the form at the bottom of this page. Please fill out your name, email, where you are from, the subject line, and your question/comment/suggestion and we will read it on air.
You can find prior editions of the podcast at the podcast archive page