TopHot
Mom opened a whole life policy for me when I was 7 and just died. Cash it out or keep?
Mom opened a whole life policy for me when I was 7 and just died. Cash it out or keep? She bought it when I was 7 and now I'm 36. It has a face value of $75K and a death benefit now of like $150K. I can borrow against it at like 5.25%. The premium on it is $45/month. What should I do with it? I'm a fairly high earner with significant savings and investments so it's kind of immaterial to me. I have a $2.5 million term life policy e...
Category:
