Be careful when buying life insurance from an estate planner. Do it with full knowledge that it is their job to sell life insurance in some form. Yes, they sell other financial products as well; various types of annuities and usually mutual funds. But their options are limited and thus, yours become restricted too.
They know about their products, but they have a conflict of interest. If they are tied to one life insurance company, you are not shopping prices and terms.
When they are selling mutual funds, you are probably not getting the lowest cost selections available. The latter have to be higher cost to warrant compensation for salesmen. and low cost mutual funds are essential to your benefit, no matter what the sales pitch may be on past or future “performance.”
As I have always said, if you need substantial estate advice, see a non-salesman accountant or lawyer, specializing in that field. (See past Earl J Weinreb NewsHole® comments.)
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