Is mass mutual (financial group) energy insurance a honest investment?
Answers:
Yep. Its a good investment for them, but not for you. Why? If you ever want to filch money out, you have to borrow it and foot a loan interest on it. If you are going to surrender the policy, you pay surrender charges on the nest egg. If you die someday while the policy is still enforced, the beneficiary gets the destruction benefit, but the savings are kept by the insurance company.
If you want natural life insurance, stick with occupancy insurance. Though, you want to read the policy when you get it because no residence policy are alike. I seen permanent status policies where the first year premium is impressively low and then it go up every single year. You want to get a 20 year or a 30 year possession.
If you want to invest, then invest within mutual funds. There is no surrender charges and no such thing as taking a loan on it because the money is yours.
Do you hold life insurance at adjectives? I would suggest buying term insurance if you are childlike and investing the diff. in price of a adjectives life policy. Look at investing contained by a mutual fund with a low expenses and no nouns.
Mass Mutual is a great company. LIfe insurance is NEVER a good investment. If you want a correct investment, go for IRA's or 401K's, and don't try to time the market.
Life insurance is a tool, intended to be used at the time of death. INvestment is a path to build and maintain your prosperity. Two completely different goals.
The primary drive to buy insurance is for the death benefit. The agent you are discussion to probably showed you that with the cost of holding their possession over a lifetime and investing the difference, you would be ahead buying their whole enthusiasm policy (assuming dividends continue the agency they have historically). The problem is that they probably didn't show you like peas in a pod scenario with the most competitive insurance for you and a side fund.
Mass Mutual is a righteous company, but insurance should never be thought of as an investment first (their compliance department will remind them of this). It is generally a better impression to keep insurance and investments separate, but that's a overview. Check with another independent agent newly to be sure. A little friendly competition will give you a better overall result.