Rich
Recycles dryer sheets
- Joined
- Nov 28, 2004
- Messages
- 245
A buddy of mine called (he's retired). Just closed on a house and someone tried to sell him a Single Premium Insurance Policy for his wife. They'd give the guy $25K, and, X-years from now, will get $67K(?). I tried to explain that mixing insurance and investments is not a good idea. Problem is, I am unfamiliar with this product. Can anyone give me some idea as to whether it's a "bad thing" or other cautions related to this program.
My instinct is, the guy they talked to is a salesman, he has no fiduciary interest in my friend or his spouse and this will likely be an expensive, less then productive way to spend a good deal of money.
Can anyone help me on this?
Rich
My instinct is, the guy they talked to is a salesman, he has no fiduciary interest in my friend or his spouse and this will likely be an expensive, less then productive way to spend a good deal of money.
Can anyone help me on this?
Rich