- 150
Ok, where does Suze Orman get off? (Well, I mean the train apparently left the station) A caller from CA calls in, her dad has whole life insurance, he purchased $100K DB at age 50, he pays $300 per month. He is now 75. His daughter stated he had $25K and the -wait Suzy says, "Let me guess, now this (and in a snide voice) this Agent wants him to put it in an annuity, right?' Then proceeds to talk about how he should have purchased term insurance at 50, and could have gotten the same face amount for 1/10th....(mmm, I'm thinking not). He has missed out on (by her calculations) $17K in a saving account if he'd gotten 5% over that time; Her suggestion, get out of the policy and put 25K in a CD....I'm thinking, yeah but if he dies, there is the inheritance tax etc. etc. heirs lose 1/3. I think Mark had talked about a single premium life insurance policy....
Suze makes me throw up a little in my mouth when I watch her.
Suze makes me throw up a little in my mouth when I watch her.