Related Posts
What is your companies medical insurance like?
I think my company has not so good insurance but that’s just compared to friends I know that work down at the docks/port.
Current medical plan - single person.
plan is level 2 out of 3 tiers.
$97 a month blue anthem ppo
$1700 deductible
$4000 out of pocket max
100% preventive covered
80% diagnostic covered AFTER deductible hit
80% prescription covered AFTER $200 deductible hit…
Thinking about having surgery for my knee and this seems costly
Northrop Grumman
More Posts
How many hours a week do you ACTUALLY work?
Good Morning, 0ur firm in Ellicott CIty, Maryland is seeking a dynamic Family Paralegal. Those of you attorneys working in this area of law, know how beneficial a paralegal is to the work environment and for your own productivity. We want someone who has some experience but at the very least who can analyze financial statements and discovery, draft. We are seeking an intelligent, friendly, good person who is looking for a work home. My email is gsiegel@siegellaw.net to send your resume.
We're hiring a number of mid and jr creatives.
Hi need referral for few job postings at MS.
New to Fishbowl?
unlock all discussions on Fishbowl.




Don't mix insurance and investments, whole life is typically a bad mix. Life insurance is for supporting dependents who rely on your income, your kid doesn't have those. Open a 529 account (likely your state's plan if you get tax benefits for that) and invest it in a low cost index fund (total market or maybe a target date based on expected enrollment) over the long term
Edit: I should mention that insurance salesmen get huge commissions on whole life so they'll tell you anything to sell it. A fee-based fiduciary financial advisor won't push these things
If it’s northwester mutual, run away
Whole life insurance is terrible and I have not once heard anyone suggest it should be used as a college savings vehicle.
It can take a decade plus for the cash balance to break even, which means you would only get a couple years of growth. And it will be low growth because whole life has garbage returns.
M1 called out NWM, but all of the big financial advisor companies push the same garbage.
If I'm being honest, I've never once even looked into a whole life plan because I never heard positive things about going that route. But I also didn't do my own research, soooo.