Reported 2 days ago
At 33, Sarah discovers that her parents took out a $500,000 whole life insurance policy on her when she was 15, costing nearly $500 monthly. Unwilling to take on the payments, she faces the challenge of managing the policy her parents own, which complicates her dreams of buying a new home. While whole life insurance offers benefits like stable premiums and cash value, experts caution that it may not be the best investment. Sarah must now seek a way to reclaim control over her financial future.
Source: YAHOO