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@nicolewilliams Are you saving at least as much as the premiums in tax advantage’s accounts? Ie, IRAs and 401k? If not, it’s probably not worth foregoing those contributions to continue the insurance. Definitely get an in force illustration before making any decision. You want to see your...

@nicolewilliams For NYL agent, now independent FA here. Custom whole life is a type of whole life where the premiums are heavily front loaded to cover the entire paying period of whole life (until age 100) into a much shorter window. Because there are extra dollars going in during your early...

@ramy6et Yes. People like to gamble, and people overestimate their ability to pick winners. In the long run, there’s an extremely high likelihood that your individual stocks underperform the index, but so long as you’re mostly index or diversified investing, you’ll probably be fine.

@futuredreamer I’m not getting into a podding match on my credentials with someone on Reddit. If you think people without dependents need life insurance it’s because you sell it. Life insurance can be an important planning tool, but selling it to young people is a predatory practice from...

@futuredreamer I’m an FA. I have my life and health, and series 6, 63, and 7. I manage assets and sell insurance products. Life insurance is not for people without dependents. Only life insurance salesman believe otherwise.

@21chicken No kids or dependents You don't need life insurance because no one will be financially burdened by your death. Perhaps the cost of your debts or a funeral, but building a emergency fund and paying off debts should be a higher priority. If you are worried about future health issues...