Her Mom Has Multiple Life Insurance Policies Already. So Why Are Advisors Recommending Another $300K A Year Plan?

Paying half a million dollars a year in life insurance premiums would sound extreme to most families. But for one woman with a $60 million estate, that is exactly what her financial advisers are recommending,  even though she already holds multiple large policies. The issue surfaced during a recent call to “The Ramsey Show,” where her daughter, Sarah, explained that her mom is being encouraged to add another $300,000-a-year life insurance policy on top of the coverage she already has. Altogether, the prem ...