Q: Regarding Savalai's question on August 22, 2024 about insurance for grandkids.
Many years ago (25-30) my parents purchased permanent life insurance for all their grandkids and after that time the cash value, unfortunately, was negligible in comparison to what an index ETF tracking the general market would have been.
Of course there are many variables to consider and perhaps the insurance purchased by my parents was an inferior product, but they often wished they had purchased blue-chip stocks (ETFs were not widely available then) instead.
Just letting you know my experience.
Thanks.
Many years ago (25-30) my parents purchased permanent life insurance for all their grandkids and after that time the cash value, unfortunately, was negligible in comparison to what an index ETF tracking the general market would have been.
Of course there are many variables to consider and perhaps the insurance purchased by my parents was an inferior product, but they often wished they had purchased blue-chip stocks (ETFs were not widely available then) instead.
Just letting you know my experience.
Thanks.
5i Research Answer:
Thank you; 'feet on the street' real world comments are appreciated.