Anyone used Catalyst Financial Partners? They reached out about a tax-deferred financial plan that includes buying a life insurance policy. I already have a life insurance policy with my company so don’t really need one. Just trying to get thoughts if it’s worth considering.

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It sounds like whole life ins / universal life ins, and those products are typically high margin (for the issuer) and thus high commissions for the sales agent. So even if you get tax-deferred payouts, the actual value of your nest egg with this whole life / universal life plan is much lower than if you had just invested those monthly plan premiums in an index fund over that same time horizon.

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