April 24th, 2010 | 
Author: 
savanna k asked:
My parents got me a whole life insurance policy when I was young. Now I’m 24 and have a full time job (have worked here for over a year) and am receiving term life insurance from my work.
My parents got me a whole life insurance policy when I was young. Now I’m 24 and have a full time job (have worked here for over a year) and am receiving term life insurance from my work.
Do you think it would be a smart idea to cash in my Whole Life policy and pay off all of my debt. Instead of paying high interest rates and barely getting any of the principal paid off i could pay it all off and save my money for other things.
I dont need two insurance policies right?! I am engaged but I dont have any children, and dont plan to for another 5-6 years.
P.S. I’m not going to work online, i have Bachelors degree. I’m worth more money than that. I can do freelance work if i have to.
But I’m not looking for advice on getting an extra job, im looking for financial advice about Insurance.
Terra Huth
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