Quote:
Originally Posted by cracher
Is a PLI the same thing as a whole life policy? If so, I've been bleeding into one of those for a while now. The opportunity cost does bug me one every time I pay a premium. The one major advantage I found is that, when applying for a mortgage, it took 10 minutes over the phone to get approved at crazy nice rate (guess it counts as an asset). I can't really stop now that I'm 10 years into mine, but I would not do it again if I could go back. The cash really could be used more effectively.
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Yes, sorry, PLI = Whole Life Policy... I just came back from a Metlife agent earlier this week who called it a PLI.
To some points above... I have no problem managing my own finances, I manage my own portfolio, retirement portfolio as well as my own health savings account portfolio (its an america thing).