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GoneOffShore

GoneOffShore's Journal
GoneOffShore's Journal
July 24, 2022

Red Flags on Facebook profiles?

For me, the biggest is 'Went to School of Hard Knocks'.

And the 12 Tomatoes page.

Almost always a cockwomble.

July 17, 2022

Whole life policies cash out?

So, here's the situation:

We've got a total of five whole life policies, only two of which we are paying premiums on. They all have investment components, but not generating a lot of interest.

Our financial situation with other investments means that life insurance, at this point, just doesn't make sense.

Our financial advisor, who sold us the policies years ago, is saying, 'Oh, no. You don't want to cash them in. What if one of you dies and you need the money?' The thing is, if one of us dies, the other actually won't need the money.

BTW - we're in France, and covered by the French health system, so we can take that out of the equation.

Thanks for any thoughts!

Profile Information

Name: Sam
Gender: Male
Hometown: Philadelphia, PA
Current location: Aix-en-Provence
Member since: 2002
Number of posts: 17,339

About GoneOffShore

Moved to France in September of 2018 after buying our apartment in 2017 after the debacle of the election. We're glad to be here, but we continue to be involved with what's happening in the US.
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