Author Topic: what's a LIRP?  (Read 2570 times)

FuckRx

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what's a LIRP?
« 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?

NumberCruncher

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Re: what's a LIRP?
« Reply #1 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/

FuckRx

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Re: what's a LIRP?
« Reply #2 on: October 30, 2013, 10:22:38 AM »
yes, that's it i think it's a whole life insurance plan...

arebelspy

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Re: what's a LIRP?
« Reply #3 on: October 30, 2013, 11:42:45 AM »
I am a former teacher who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and am now settled with three kids.
If you want to know more about me, this Business Insider profile tells the story pretty well.
I (rarely) blog at AdventuringAlong.com. Check out the Now page to see what I'm up to currently.

FuckRx

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Re: what's a LIRP?
« Reply #4 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.