Should You Buy Permanent Insurance?

One savvy insurance professional put it like this: “consumers do not buy permanent life insurance; they are sold it.” That has been my experience also. First, permanent life insurance is expensive. Although commissions are certainly not transparent, my research indicated that about 100% of the first-year premium (and sometimes more) will go to the selling agent. In my view, the large commissions have resulted in permanent insurance being oversold. As a result, many consumers and...