(Shared by Brian Minier, VP – Eagle Charitable Giving)
The number of whole-life policies sold in the last three years has trended upward. The reason for the growth is simple, these products offer guaranteed returns. As the market continues its uncertainty, whole life policies provide investors with a very valuable thing – peace of mind.
There are many advisors that stand by their formula of buying term and investing the difference. The question should be asked if this formula works.
Are investors getting the return they desire with this approach?
This formula needs to be challenged when deciding how to plan for retirement.
Here is something important to remember: wealth management takes time and discipline.
As investors look at their portfolio, they need to consider what percentage of their wealth is at risk and how much is guaranteed. As many continue to lose money in the market, whole life insurance provides a vehicle that helps investors accurately plan for their future. This approach can work; however, it will take some (see above)…time and discipline.
To see how whole life policies continue to grow as a vehicle for investors, please read the following article: http://online.wsj.com/article/SB10001424052970204770404577080520794553252.html?mod=dist_smartbrief
