Lloyds of Lubbock
Guru
- 753
The value of a whole life policy is not in the returns of the cash values.
The permancy of the death benefit allows you to maximize other assets.
My wife is 15 years younger than me.
My pension and annuities are straight life.
If I die they are gone but she gets a boatload of death benefit so we get to enjoy a better lifestyle now and she does not take an income hit upon my death.
In 3 years I have to start taking distributions from my 401k.
When the market is down I can take a minimum distribution (let the market hopefully bounce back) and and subsidize it with a distribution from my life policies if need be.
I could create a very long list, but I think you get the point.
The permancy of the death benefit allows you to maximize other assets.
My wife is 15 years younger than me.
My pension and annuities are straight life.
If I die they are gone but she gets a boatload of death benefit so we get to enjoy a better lifestyle now and she does not take an income hit upon my death.
In 3 years I have to start taking distributions from my 401k.
When the market is down I can take a minimum distribution (let the market hopefully bounce back) and and subsidize it with a distribution from my life policies if need be.
I could create a very long list, but I think you get the point.