I applied for life insurance and was asked a question. What is your net worth?

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  • #82277 Reply
    Alyse

      Yep! A lot of so called wealthy people don’t have a lot of savings because they gotta “ keep up with the Jones”. Brand new cars, upkeep on expensive homes, gym memberships at the high end ones etc.

      #82278 Reply
      Leslie

        Read “The Millionaire Next Door”. They are not the people you think they are.

        #82280 Reply
        Melissa

          Why would an insurance company ask your net worth. Red flag.

          I heard about a car insurance asking to see 3 past years of tax forms. Red flag

          My finances are nobodies business. It’s called tracking. Go elsewhere.

          #82281 Reply
          Kathleen

            It’s not what you make, it’s what you spend.

            #82282 Reply
            Deborah

              I wonder when I see so many younger people with nice houses newer cars. Yeah. In the end, you can’t go back to redo. Make a plan early. Retirement is not cheap and really scary when it comes. You can’t devalue saving and planning early. One never can fully prepare for the future but try.

              #82283 Reply
              Tommy

                It’s not how much you make but rather how much you save.

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