Well, I quit that job and thought I was the wiser, but years later got suckered into buying "Non-Par" whole life policy. Slightly lower premiums that stay the same, little or no cash value in policy, along with investing in front loaded mutual funds (company now can't front load based on customer complaints against practices). I finally got tired of paying nearly $300 for insurance premiums every month so I stopped. Never heard a peep from the insurance company reps or agents.

Years go by, policy set to lapse, and I get a call from some agent who tells me nearly all the 13,000 cash value has been canabalized to pay the monthly premuims. All I need to do is pay back the loan (my money) and start paying the high premuims once again.

Can't throw good money after bad so that's one expensive lesson. Stay away from all cash value policies and don't worry about being a pain in some agent's side with questions.

I'm out around $13,000 over a 8-year period. Now I have 30-year level term for the same coverage and pay $420 a year instead of $3,600 a year. Over the 30-year life span that comes to me saving over $94,000 in premuims.

WOW!

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