Be
careful buying life insurance from estate planners. It's their
job to sell life insurance. They sell other financial products as
well; various types of annuities and mutual funds. But their options
are limited and yours become restricted.
Planners may know 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. The latter have to be higher cost to warrant
compensation for salesmen. Lower cost mutual funds are essential to
your benefit, no matter what the sales pitch may be on past or future
“performance.”
If
you need substantial estate advice, see a non-salesman accountant or
lawyer, specializing in the field. (See the Earl J. Weinreb NewsHole®
comments and @BusinessNewshole tweets.)
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