Last week I met with an estate planner. He was from the insurance company that I have all of my vehicle, home, and auto insurance through. I was told it was a free service to all of their high-income clients. Well, by the time the meeting was all said and done, he had my net worth calculated as 3x what I consider my usuable net worth. With that new number, he went on to recommend more term life insurance for myself, a policy for my wife, and encouraged me to take out a permanent life insurance policy.
I have a feeling this guy was here to recruit more policies for the insurance company, and not here for my best interest. He asked me why I was against whole-life and I told him that my good ole pals WCI and Bogleheads say they are the devil. He looked at me funny for a second and then just continued on. He probably said "guaranteed tax free money for you kids" about 50 times.
Anyway, be on guard all my fellow docs. We are definitely walking around with targets on our backs.
I have a feeling this guy was here to recruit more policies for the insurance company, and not here for my best interest. He asked me why I was against whole-life and I told him that my good ole pals WCI and Bogleheads say they are the devil. He looked at me funny for a second and then just continued on. He probably said "guaranteed tax free money for you kids" about 50 times.
Anyway, be on guard all my fellow docs. We are definitely walking around with targets on our backs.
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