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Learning, Sharing, and Teaching => Investor Alley => Topic started by: FuckRx on October 29, 2013, 11:36:39 PM

Title: what's a LIRP?
Post by: FuckRx on October 29, 2013, 11:36:39 PM

life insurance retirement policy...
what is it exactly?
and what is this 10-pay vs 7-pay that they talk about?
Title: Re: what's a LIRP?
Post by: NumberCruncher on October 30, 2013, 07:14:41 AM
This sounds like a version of whole life insurance, which rarely (if ever) makes sense. The 7-pay or 10-pay is how long you pay premiums.

https://forum.mrmoneymustache.com/investor-alley/why-whole-life-universal-life-insurance-is-a-bad-idea/
Title: Re: what's a LIRP?
Post by: FuckRx on October 30, 2013, 10:22:38 AM
yes, that's it i think it's a whole life insurance plan...
Title: Re: what's a LIRP?
Post by: arebelspy on October 30, 2013, 11:42:45 AM
what is it exactly?

It's a trap.
Title: Re: what's a LIRP?
Post by: FuckRx on October 30, 2013, 12:37:16 PM

ha, i love it. short and to the point, thanks. i read some of the things on this board about it. thanks for the link.