Bill Boersma: On Life Insurance

I might as well start this post by stating unequivocally that I am not inherently against the concept of utilizing life insurance for accumulation purposes.  I am, however, adamantly opposed to mis-posturing how it works and misleading consumers regarding what they are really getting and the actual internal rate of return (IRR) on their money.  I make this statement knowing that by the end of reading what I write today, many will categorically dismiss me as anti-insurance or anti-a-certain-type-of-insurance.  Some may simply call me an idiot and tell everyone they know forevermore that I don’t know what I am talking about.  The problem is… what I am saying is irrefutable. Read more…