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Recently just had our 1st child: Next up, Life insurance! Help please!
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Bill Moyer
Posted 2/3/2014 20:36 (#3660338 - in reply to #3660215)
Subject: Re: Recently just had our 1st child: Next up, Life insurance! Help please!



Coldwater, Michigan
Those dividends that "Mutual" Insurance companies pay "are a partial return of deliberate overcharges" according to the Federal Trade Commission in their investigation into the Life Insurance industry in I believe it was 1987.

Now if I have been deliberately overcharged wouldn't it be nice if they returned all of the overcharge? Instead they issue dividends to make it look as though you are getting a better return than you actually are. Then they offer to let you buy more insurance with those dividends.

Now isn't that Special?

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