Alex (Caller)

And after listening to for a couple months, I've just basically restructured the way I do everything.

I'm just, you know, stop buying stuff.

I'm getting my debts paid off.

Within a couple years, I plan to be completely debt-free.

So thank you very much for your advice.

My question is I've heard you talk a little bit about –

whole life policies.

Now, my wife and I right now have whole life policies.

They're good until we're 125 years old.

We have about $1.5 million in coverage.

It costs us about $680 a month to have that.

And I've heard you sort of say that you didn't think they were a great investment, but I haven't really heard you get into any details about why you think that is.

So I was wondering if you could just talk about that a little bit and, you know, maybe I'm missing something.

And if I am, I'm sure you'll hit the point.

I've got $1 million.

My wife has half a million, and that's our combined premium is $680.

My daughter.

It doesn't matter.

Okay, so would your advice be to just terminate those policies and just do what you suggested, purchase relatively inexpensive term life policies and then put additional money?

I mean, I do have investments.