Should We Buy Whole Life Insurance?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 25 August 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Given that we’re both high wage earners, and we have three kids, do you recommend whole life insurance as a way to invest for the kids?
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. |
| 0:05.4 | It's Friday, August 25th, and we are still here, despite our vacation. |
| 0:09.9 | Well, we're not here here, but we are here for you. |
| 0:13.0 | We are answering your questions. |
| 0:15.2 | And if you've got a financial question, all you need to do is go to the website JillOnMoney.com |
| 0:21.2 | and click the contact us button. |
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| 0:56.5 | Okay, right now let's do an email. |
| 0:59.2 | This is from Carol who's asking about life insurance. |
| 1:03.0 | Here's the message with two high wage earners and three childrens who are ages 12 to 18. |
| 1:10.0 | Do you recommend whole life as a strategy for a tax-free inheritance for the children? |
| 1:17.9 | Or turn life or use the money for investments. |
| 1:22.0 | It is very hard to make the case for whole life insurance at Carol. |
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