Cash Value Life Insurance for Retirement on Cnbc

[scagnt83]

An actual good article that mentions cash value life insurance as a retirement income source. Rare for cnbc

How to Invest for a (Mostly) Tax-Free Retirement

 

[SD1115]

Rather than an overfunded IUL, take a look at NY Life's Custom Whole Life product.

 

[Tahoe Ray]

Rather than an overfunded IUL, take a look at NY Life's Custom Whole Life product.

Why? .

 

[unlimitedsigh]

I guess it is a good thing LI/A's were even mentioned as viable options, but the author was sort of left-handed about it.

 

[kbcarlton]

Stating that the contract owner pays the loans back after they pass is a risky statement.

 

[NYC Adam]

Like any other prospect, a through q & a / fact finding should start this process. As for whole vs. UL that also depends - articles like this that make wide brushstroke statements about permanent products are just like saying, "everyone should own some bonds in their portfolio" or "mutual fund fees are generally high and you should look to portfolio managers as a cheaper option". One paragraph in an overly generalized article does not a good argument make...

 

[Tandem62]

Thanks for sharing that. Unusual that CNBC would show something of this type,thanks!