Anybody familiar with Knight of Columbus whole Life? One of my clients is being pitched on dumping 135 k into 476,000 whole life policy which would pay it up...First it is clearly a Mec on the illustration. Secondly the agent said he can take out a total of 270k ( projected cash value) at age 65 and still have a paid up policy with No future premiums. The agent also assured him that he can take out 90% of the cash value TAX FREE...remeber that the contract is a MEC?? Anybody have any insights for me?
Thanks in Advance!!!
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Thanks in Advance!!!
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