a lot of hmong people try to sell this life insurance
it basically like a whole life insurance
but tie to the market
you still get your money policy if you die and until you die
and it gain cash value as it age depending on how the market is doing
you can take out those cash value if you need it pay bill and stuff
or take it all out and leave the policy if you like once you reach a certain age
it's like a cheap investment(401k)+life insurance at the same time
as with all life insurance, get it while you are young
less expensive
ive been playing $20 for a $100k for many years now long time ago
so $20 (per month) X 12 (month)= $240 per year
$240 (per year) x 70 (years)= $16,800 (estimate payment base on average lifespan)
$100,000-16,800= $83,200 ( they paid you a return to your kids) and your $16,800
life insurance is almost like an investment for your kids
i think it's pretty decent, you deal with market
lol