Has anybody taken a whole life insurance?
Whole life insurance policy is not well known in India, especially a participating one. I’m trying to the understand the benefits, the review of the provider, riders and more. If you have one, please comment and let’s discuss. It’ll be a chance to bring awareness as well.
Avoidable unless you have a dependent who will always be dependent on you (partner who will never be able to earn, special children or parents)
Take a term life, till 75, and by then get a decent asset base for future.
Alternative, do a IRR analysis to conclude.
1
Stealth
a year ago
There are two insurance that anyone should ever take (except for material things)
1. Term insurance
2. Medical Insurance
All the rest are bs the max return that some other random insurance gives is that of 6/7% that doesn’t make sense at all. Invest your money somewhere else wisely!
