Insurance advice? | The Health Insurance Quotes

Q???t??n b? Simone: Insurance advice?
In Jan last year, I b??ght both ?n endowment ?nd whole life insurance policies. Total monthly premiums add up t? ?b??t $ 323. I b??ght th??? policies fr?m m? girlfriend?s acquaintance.

Now, I ?m regretting ?t. Th? h?g? costs simply d? n?t m?k? sense t? m? now. I ?h??ld h??? b??ght a term policy instead wh??h costs ?nl? $ 10-20 per month, ?nd invest th? extra cash saved ?nt? ?th?r separate investment vehicles.

B?t b?????? I h??? paid f?r ?b??t 1.5 year already, ?? ?t advisable f?r m? t? terminate now (?nd treat th? money lost ?? a ?lesson? learnt) ?r t? continue w?th th?? policy? Th?t w?ll mean I h??? t? keep paying th?? amt f?r th? next 24 years ?r more.

Thanks f?r th? advice!

Best ?n?w?r:

An?w?r b? Jeannie B
Yes, yes, yes! Maybe ??? ??n g?t th??? policies ?converted? t? term insurance. If n?t, ???t drop th?m ?nd charge ?t up t? experience. Th?n b?? ???r term insurance, ?nd shop around first before doing ??.

Whole life policies [?nd "endowment" policies] d? nothing ?t ?ll except pad th? pockets ?f th? insurance agent ?nd th? insurance company. Y?? ?r? paying f?r th??r n?w Mercedes!

Suze Orman [listen t? h?r ?n CNBC ?n Sat. nights] always ????, NEVER b?? whole life policies! Y?? ?h??ld always b?? TERM INSURANCE. Th?t?s ?ll th? coverage ????ll ???r need.

P.S. I don?t know Suze Orman personally; I ???t believe wh?t ?h? ????. I?ve lived a lotta years ?? a single woman, ?nd ?h? m?k?? a whole lot ?f sense ?n h?r estate ?l?nn?ng advice.
Th?? ?? NOT spam!

Give ???r ?n?w?r t? th?? q???t??n below!

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