Posted by MSD on January 06, 2011 at 21:13:37 from (4.254.217.39):
In Reply to: life insurance OT posted by steve terplak on January 06, 2011 at 18:11:35:
Back in the late 70's I bought a whole policy with Prudential. When the stock market was booming, I thought about cashing it in and putting it in the market. About that time, Prudential notified me that they were going public and I would receive 60 shares of their stock valued at $30 per share at that time. Sounded pretty good to me so I kept the insurance and they set up the stock account with no fees or charges as long as I didn't go over 100 shares. Later they gave me the option to buy more so I bought another 40 for $19 at that time. At one point, they were worth over $10,000, until 2008 anyway. The last time I checked they were around the $65 range. So for me, life insurance was a good investment. My policy still has cash value and I get a dividend every year also.
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