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Pension Option Better Than Life Insurance

By JOEL FRANK
Posted 6/18/18

I know of no fee-only Financial Planner who recommends life insurance as a substitute for a monthly pension. A fee-only Financial Planner is, by definition, a fiduciary.

Such recommendations and resulting sales are the sole province of the commission-based life insurance industry. A life insurance agent is, by definition, not a fiduciary.

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