The Evolution of Atlas: A Breeding (and Chat) Thread

[oldhenlikesdogs]

Dad's cute face

 

[Leahs Mom]

The financial advisor I listen to advises people against whole life constantly. He does a thing where he explains how it works and why it's a "rip-off". The sales people market it sound like a "good investment" and the premiums are way more than term life...they justify it by telling people it's like a savings account or investment. :\

 

[speckledhen]

I love her coloring! She looks so soft and plush.

 

[oldhenlikesdogs]

I love her coloring! She looks so soft and plush.

There a reason rabbit fur makes good linings for winter clothing. Very soft bunnies.

 

[speckledhen]

The financial advisor I listen to advises people against whole life constantly. He does a thing where he explains how it works and why it's a "rip-off". The sales people market it sound like a "good investment" and the premiums are way more than term life...they justify it by telling people it's like a savings account or investment. :\

That's what I heard years ago. We got term because it was much more cost-effective. Since the mortgage is much less than it was when we took out the two-for-one policy and the premiums have risen so much ($216 per quarter for the 50K for whichever goes first), we lowered from 100K to 50K. But, if it is gone and we're both still here, there is only the value of our property and whatever cash is around. I hope my sons are not expecting anything. I think I am going to insist the property be sold, that neither of them live here. I want someone to buy it who really loves it and wants to have animals here and grow a garden, etc.

 

[oldhenlikesdogs]

I got money from a class action lawsuit years ago because an insurance company was selling whole life insurance policies as an investment and a way to save for college. Didn't get much, but the company was forced to pay out and reword what a whole life policy really is. We only buy term. We invest in our 401k.

 

[Leahs Mom]

We had a 19 year old grandson that was just given the whole life pitch and signed up - $700/month!!!!! Insane.

My husband was still on his bank account from years ago so he called the bank and put a stop payment on anything from the company.

When grandson wanted to talk to the salesman to cancel, the guy told him it was too late. (Whaaatttttt? Good thing I wasn't there....) I guess it was a personal friend and grandson felt bad backing out. The stop payment seems to have done the job.

 

[getaclue]

Years ago, whole life was a good deal, and they didn't decrease the face value with age. There were quite a few tax loopholes too, making it a good deal. Like I said, I don't know when they sneaked it past everyone, but the lawmakers changed it. Now its just a racket for the Life insurance companies to rip people off.

 

[speckledhen]

Years ago, whole life was a good deal, and they didn't decrease the face value with age. There were quite a few tax loopholes too, making it a good deal. Like I said, I don't know when they sneaked it past everyone, but the lawmakers changed it. Now its just a racket for the Life insurance companies to rip people off.

I think a lot of stuff has changed over the years, behind our backs and under our noses.

 

[oldhenlikesdogs]

I think a lot of stuff has changed over the years, behind our backs and under our noses.

Like how my toilet paper roll keeps shrinking? I know what they're doing.