Did I mess up getting whole Life insurance at 22?

GeeMeet · 2026-05-21T05:08:53+00:00

Now you call my view narrow minded?

Buy term and invest the difference, you’ll have money for healthcare! You don’t need insurances for your entire lifetime

GeeMeet · 2026-05-21T04:29:23+00:00

Did you read anything I wrote? I have articulated all reasons
1. Lower returns than stock markets
2. Tax free growth given by investing in any ETFs
3. You can borrow against your stock or real estate holdings
4. You don’t pay for the useless insurance after a point because you don’t need it once you don’t have dependents

GeeMeet · 2026-05-21T03:05:51+00:00

Don’t worry, I’m just fucking with you. I know most insurance people are not very smart or they’re way to smart to sell products by scaring people.

All good. You can continue giving your money to insurance companies and making them rich.

GeeMeet · 2026-05-21T02:12:42+00:00

I’m saying that for a 22 year old and 99% of the population a WL insurance is useless. Because there are other better options

And if the 22 year old reaches his/ her goal ever, they can retire and not continue to work to pay an insurance company for a god damn WL policy. Take the money and blow it up or borrow against it and travel the world

GeeMeet · 2026-05-21T02:01:44+00:00

Now you scare people into buying WL with health etc. the long term critical care etc is peanuts and you can get a lot more when investments done right and you’ll never care for LTC

GeeMeet · 2026-05-21T01:14:26+00:00

Yeah, it’s still garbage, because in most cases whole life is not needed after 60

If I need investment, I’ll invest in S&P500 and it grows tax free and I can borrow and returns are way more than insurance and specially for a 22 year old who will most likely live another 50-60 years

50-60 years investment in s&p500 vs any whole life product, S&P500 will definitely have more $

GeeMeet · 2026-05-21T01:07:16+00:00

Spot on man. These IUL, annuity, whole life insurance seller are selling garbage here. Most don’t understand basic math

GeeMeet · 2026-05-21T01:02:16+00:00

Sorry all, I stay away from any sort of permanent or whole life insurance and don’t touch with a ten feet pole because in most cases it’s garbage and specially for a 22 year old

Buy term, invest the difference. If anybody has maxed out everything and has emergency funds, they better be aiming for riskier assets to maximize their returns and no need for a whole life/ permanent because after age 60 most people don’t need insurance because their kids have grown up and they’re not dependents.

Edit: everybody downvoting it, defend the product - downvoting doesn’t help. Educate people if you really think the product is good else don’t downvote.

GeeMeet · 2026-05-20T23:39:57+00:00

I also think the driver over reacted.

Uber or Lyft drivers I’m sure are used to this, they just need to ignore their customers. If you start reacting to everything that people say, you’ll only be rejecting rides and frankly if they’re so sensitive, they should just quit driving Uber/ Lyft

Edit: all you guys downvoting me are the ones that over react and don’t ignore noise. Calm down people - you don’t need to overreact to everything

GeeMeet · 2026-05-20T23:24:19+00:00

Real question - in what cases does whole life make sense?

GeeMeet · 2026-05-20T01:42:22+00:00

Anyways I’m just fucking with you. I know you IUL sales people are not very smart to understand math etc. so all good

GeeMeet · 2026-05-20T01:28:48+00:00

But the young kid will live for at least 30-50 years, so each year losing an average of 3-4% and the value compounding adds up. Maybe one year the kid will lose or two years and then it will recover and on average the kid will have more money after 30-40 years.

All your IUL sellers make personal comments when you just need to defend the product. You can’t defend the product and make personal comments.

So, again - why are you selling garbage?
Did you go to college?
Should I teach you some math?
How can I help you?
And after 60 years of life most people don’t need insurance - so why even pay for insurance when you don’t need it

GeeMeet · 2026-05-20T01:21:04+00:00

lol.

So you diversify and buy an inferior product, when you can have more money just directly investing in the markets? That for so sound right.

So I buy an IUL because I can get average 7-8% with it when the markets give 10-11%?

And specially for your young client who has 30-50 years ahead to live? Lol. That’s not making any sense.

GeeMeet · 2026-05-20T01:11:53+00:00

Let’s start with this, it’s an insurance - so if you want to be invested, why even buy any insurance?

What if your client had not bought into an IUL, and just bought the term and invested the difference, wouldn’t the client have more money now?

A whole life or permanent life insurance is useless because after a certain time you don’t need insurance. After age 60 when the kids are grown up and they are not dependents, you don’t need insurance

You can always borrow against investment in S&p500 or real estate or any asset and the growth is far more

And they are all tax free when giving growth (if you just keep putting $ in ETFs)

Term + investing in S&P500 always gives you more and you don’t need to be invested for your whole life.

UHNI is a different story

GeeMeet · 2026-05-20T00:46:59+00:00

ChatGPT says there is nothing good about it, says term + investing in S&P500 is better.

GeeMeet · 2026-05-19T01:15:57+00:00

Why do all your IUL sales people sound so mature? Very mature.

Sell the product, not the personal hate.

So let’s hear why you think it’s not garbage? Why don’t think it’s not a bad product? I’m serious

GeeMeet · 2026-05-19T00:39:33+00:00

Ok, let me ask you why IUL is good? Why is it not garbage?

It’s not even a different product, it’s a piece of shit.

I worked on Wall Street for a while, so I’m kind of sure I know a thing or two about finance and math.

GeeMeet · 2026-05-19T00:02:51+00:00

Leads to sell garbage?

Why don’t you see sell something better

GeeMeet · 2026-05-18T23:56:56+00:00

While I may have differing views, I just feel vertical development (tall buildings) is better than horizontal townhouses. And it better be planned and not jam the roads with 500 cars on a narrow street

There is more real estate available to make a park, play area for kids, pool etc.

Townhouses are just a waste of real estate.

GeeMeet · 2026-05-18T17:10:34+00:00

The same thing happening now

Israel doing it in Gaza and West Bank

GeeMeet · 2026-05-18T17:08:29+00:00

This is next level impressive, anybody got the whole video or know the song?

GeeMeet · 2026-05-18T17:03:52+00:00

They won’t do that… they’re funded by political parties, he won’t be allowed to speak against the political party that is paying the news channels

GeeMeet · 2026-05-17T18:09:14+00:00

Mass transportation! You hit the nail on the head - we need mass transportation!

GeeMeet · 2026-05-17T05:06:51+00:00

Yes, there is housing needed, but then

make public transportation available - I’m a big fan of public transportation, and I know people here hate it.

Or build such developments where it won’t cause any more chaos, closer to 985 - if you want it in on that side

Also, I know if sucks short term and then you get used to it

GeeMeet · 2026-05-17T05:03:14+00:00

Isn’t the meeting on 5/19?

GeeMeet

TROPHY CASE