Wednesday, March 25, 2009
Fusty Insurance Lures Buyers Seeking Safety
Whole-Life Policies Offer Steady Ride, but Figuring Actual Returns Can Be Tricky
As the economy sinks, a growing number of Americans are turning to a stodgy financial product favored by their parents and grandparents: whole-life insurance.
These policies' steady, tax-deferred returns, many now in the 4% to 5.5% range or more over 20 years, look enticing after the 40%-plus declines in the stock market over the past year and a half. Indeed, investor angst is helping insurance agents sell whole-life insurance...
WSJ: Fusty Insurance Lures Buyers Seeking Safety
As the economy sinks, a growing number of Americans are turning to a stodgy financial product favored by their parents and grandparents: whole-life insurance.
These policies' steady, tax-deferred returns, many now in the 4% to 5.5% range or more over 20 years, look enticing after the 40%-plus declines in the stock market over the past year and a half. Indeed, investor angst is helping insurance agents sell whole-life insurance...
WSJ: Fusty Insurance Lures Buyers Seeking Safety
Permalink posted by markw @ 4:55 AM 
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