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In Reply to: mike &jax&BTID posted by interested reader on April 20, 2004 at 16:16:10:
Why is Mike so afraid to post Whole Life numbers?
I have to know "the difference" in order to invest the difference.
Does Mike even have access to Whole Life numbers?
: Mike & Jax,
: okay, you two guys have been kibitzing for long enough. I think this would be a valuable and intersteng discussion if only the discussion would start to go somewhere. So, why don't we look at an example--mine.
: I am a 31 year old male, non-smoker, best of health, etc..ie. very best rates. I recently bought an insurance policy with a death benefit of $350,000. The agent showed me both term and cash value options. I won't say which one I chose.
: Now, both Mike and Jax, please discuss, using real numbers, the pros and cons of either cash value or BTID. Use whatever companies you write for to give your examples. I think the readers on this board will greatly appreciate both of your responses.
: Let the games begin.