robster
All American
3545 Posts
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So my good friend works at Mass Mutual, which is a pretty good insurance/financial planning company.
He came by and introduced my wife and I to the "non-Term" life insurance products. Essentially, these would be used to supplement your existing life insurance that you have through your job, which is generally Term insurance, which dies whenever you leave your company.
The "non-term" plans generally have a value to them, and can be cashed out down the line, and actually act as a savings account of sorts.
My instinct says that they are not really that good in terms of what it cost and the real "investment" value that they have... IE, I could save through IRA, regular savings accounts/investment accounts, and be better off, while just purchasing additional "TERM" insurance if I needed a supplement to my existing life insurance.
Does anyone have experience with these types of insurance programs, and do they really have any value in them?  7/18/2007 9:45:18 AM
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