That's when I knew I had been bamboozled. Then they started talking about permanent life insurance. I went there and they started asking me about my financial situation. So I was contacted by a couple of guys who work at an insurance company, one of them claiming to be a CFP who wanted to see if they could offer their services to me. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit.ĮDIT: Added information about historical annual S&P 500 returns and cap rates in universal life products.ĮDIT: Added questions you should ask a life insurance agent about IUL policies. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.
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