whole life - current valuues

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ps56k's Avatar (by Gravatar)ps56k posted on
January 27, 2012, 12:21 pm
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Was just reviewing our NW Mutual life insurance,
that has a larger term life + smaller whole life

I was curious about the whole life,
since it has the death benefit + cash value.

Here are the last 4 years of death + cash value,
and was wondering.... is the $2k worth it ?

2011 - $160k - $70k
2010 - $156k - $65k
2009 - $152k - $59k
2008 - $148k - $54k

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ps56k's Avatar (by Gravatar)ps56k posted on
January 27, 2012, 7:00 pm
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Re: whole life - current values



Just for a little more info/clarification...
I bought this about 20yrs ago, when our son was born,
and our financial world was a path unknown.
Since then, I've gone thru a couple of consulting firms
that were acquired and this Life Ins bucket
is now a very tiny portion of our overall portfolio.

So - I was basically wondering if the yearly $2k premium
is worth it.... as both the benefit & cash value appear to increase
by about $4k a year, in addition to having the overall death benefit.


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bo peep's Avatar (by Gravatar)bo peep posted on
January 30, 2012, 1:34 am
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Re: whole life - current values


What happens if you don't pay the $2k premium? My similar policy is
set up so that if I don't pay the premium, the premium gets deducted
from the cash value, and the policy continues. I haven't paid my
premium in more than 20 years, and the cash value continues to
increase slowly. Maybe you should ask them about that.

Its projected to run out of money when I'm in my 90s. (I'm 65 now).


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