Originally Posted by
PilotJ3
Yeah yeah…make your own research. Stop spewing Dave Ramsey Bs.
Anyone that is young enough should use it as an alternative to 401k, Social Security, etc. Mine is paying 4% guarantee growth + dividends (this year 5.75%). And I can read my contract just fine, it’s all spelled black and white, not like our PWA.
Anyone with PBGC, is already late to the game for the WLI. Anyone that’s in their 20s-low 30s, compounding alone can be very lucrative at retirement. I could probably just use dividends at retirement for extra income.
You got 5.75% this year. Now account for where the costs were pulled out and what your real yield is. When you look at what they now claim the policy is worth is that the actual cash value, some form of death value or other nebulous value that can’t be accessed? How many pages is your contract? When did you purchase this policy and if you cashed out today what will you get verses what you have invested? What is the surrender charge to get your money back? I Stupidly bought an annuity from one of the highest rated companies around and offered a 7% guarantee. Never in reality saw anything close to that.