I had a conversation with Helen on the show about whether she should keep her $50,000 whole life policy, for which she pays $335 per year.
One of the best resources is www.evaluatelifeinsurance.com.
This is from the Consumer Federation of America (CFA). For $70 it’ll help you evaluate your Cash Value (whole life) policy and help you decide whether to buy term or whole life. Clark Howard has used this and thinks it’s great.
July 29, 2008.