The insurance industry has a dirty little secret that threatens the retirement plans of millions of unsuspecting families.The problem is buried in the fine print of universal life policies, widely promoted since the 1980s as a new and improved version of the old-fashioned whole life insurance product our grandparents relied on as the surest way to save for retirement.
Based on my experience as a financial advisor, most people have no idea about what they’ve already lost and will discover in time that there was no “sure” in their insurance. Instead, the insurance companies shifted their risk on to their policyholders.
Complete Article by John E Girouard, Forbes.com
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