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Displaying (1) Comments | Comment on this piece | Report objectionable art
The ever lasting quest for cash value, eqtiuy. More on rent versus buy, but a different example.What is it with the ever lasting quest for cash value? In housing there is the thought that paying down a mortgage equals eqtiuy. What happens if the market value is going down faster than you make payments? There is nothing new here, but the latest example.I was talking to a relatively young guy who was convinced he wanted some form of whole life insurance. You know, you get that cash value, tax advantages, death benefit, blah, blah, blah Basically he was suggesting that he owned the policy. Term life, on the other hand, builds no cash value.Yes, but term costs about $15 per month and whole life costs about $150 per month. But I get cash value with whole life WTF! He wants to spend $1,800 per year instead of $180 to get some cash value? It's no wonder homes cost so much. Rate this comment: 0 0
By: | Mar 12, 2014 | Report Comment
lyman
lyman-hs | Region 3
meghan
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