1 min read

Is Whole Life Insurance Really Worth It?

Is Whole Life Insurance Really Worth It?

📢 Let’s Clear the Air on Whole Life Insurance 

Too many people are sold complex insurance products they don’t fully understand. On this episode of The Get Ready Money Podcast, guest host Charlene Cong and I break down common misconceptions about whole life insurance—and how we can better educate the public.

🔹 Why whole life insurance is not an investment.

🔹 Common misunderstandings when people purchase whole life insurance.

🔹 Whole life insurance is a long term insurance contract that is illiquid with high surrender charges for the first few years.

🔹 How life insurance policy loans actually work.

🔹 More suitable financial options for young people.

🔹 Why you can’t be your own banker.

 

 🎥 Watch this episode below: 


 

Connect with Charlene Cong: 

Resources: 

Podcast: 

Bio:

Charlene H. Cong, CFA, is the founder of FinFit GmbH, a finance and investment educator, podcaster, and YouTuber. With over 10 years of experience in the banking industry, including a tenure at JPMorgan Asset Management, she is a Chartered Financial Analyst based in both Hong Kong and Switzerland. Charlene is an Executive Board Member of the Swiss Capital Market Forum.

 

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