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Life insurance rather than 401K match (free money?)

WE have a family friend who sells life insurance. We would never buy from him because he believes that you "fund" your whole life policy before your Day Care bill is paid, befoore you fund your matching company 401K, and that UPROMISE is all you need for college savings. To us, it makes him sound like a fool. Where do these life insurance salesmen get trained and why do they get to put "Financial Planner" on their business cards when they don't know about financial planning?


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I am Adam Alter !

Yeah, I'm not understanding his point really.  Unless you're much older and higher risk wanting an insanely high dollar policy, life insurance premiums are usually pretty low compared to other types of insurance.  For example, someone in their 20s I'm told can usually find $100,000 policies for $50/year.
Posted 2009-10-14T15:22:46Z
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