What are your money goals for September?!
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FAQ:
1) Why do I have/pay $90 for Life Insurance?
When I was 22 or so, I wanted to start investing. I was advised incorrectly to open this “investment/retirement” account with Transamerica. It is a $250K life insurance policy + long-term care. I was also told this account can be used for retirement as well.
I have tried to cancel this policy multiple times, but I will lose several thousands of dollars at this point. I know it is not necessary for me, but I figured $90 is whatever and I’ll just keep it.
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DISCLAIMER: I am not an expert or a financial advisor. I simply love talking about finances and want to share my journey to financial freedom and help others along the way!