The Mustachian Forum
Welcome,
Guest
. Please
login
or
register
.
Did you miss your
activation email
?
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
News:
Home
Help
Search
Login
Register
The Money Mustache Community
»
Learning, Sharing, and Teaching
»
Investor Alley
»
what's a LIRP?
« previous
next »
Print
Pages:
1
Author
Topic: what's a LIRP? (Read 2663 times)
FuckRx
Pencil Stache
Posts: 793
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?
Logged
NumberCruncher
Pencil Stache
Posts: 610
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/
Logged
FuckRx
Pencil Stache
Posts: 793
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...
Logged
arebelspy
Administrator
Senior Mustachian
Posts: 28444
Age: -997
Location: Seattle, WA
Re: what's a LIRP?
«
Reply #3 on:
October 30, 2013, 11:42:45 AM »
Quote from: mashori on October 29, 2013, 11:36:39 PM
what is it exactly?
It's a trap.
Logged
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
Pencil Stache
Posts: 793
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.
Logged
Print
Pages:
1
« previous
next »
The Money Mustache Community
»
Learning, Sharing, and Teaching
»
Investor Alley
»
what's a LIRP?