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Life Insurance
I'm in need of a independent opinion on 2 policies. I'm not sure what I need to consider when deciding!
In case there are some reps on here, or want to impart your knowledge on me, here are some facts:
- both are whole life policies
- both cost the same amount per month
Choice X
Coverage: 75 785
Guaranteed cash value yr20/40/60: 26,033/45,182/61,409
Total coverage yr20/40/60: 96,596/170,678/320,213
10 year return: 6.39%
dividend scale: 6.50%
in business: 5 years
Choice Y
Coverage: 50 000
Guaranteed cash value yr20/40/60: 18,367/33,016/43,806
Total coverage yr20/40/60: 94,918/177,000/296,007
10 year return: 7.5%
dividend scale: 6.75%
in business: 8 years
One has higher coverage, higher guaranteed cash value, higher total coverage but lower performance history.
The other has lower coverage, lower guaranteed cash value, lower total coverage but has higher performance history.
HELP!
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Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
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