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"Why did you buy life insurance on a 10-year-old child?" Suze Orman asks

Benzinga
Summary
Nutrition label

70% Informative

Suze Orman addressed a question from a listener who purchased a whole life insurance policy for her 10-year-old daughter.

The policy had a $ 100,000 benefit and required 20 years of monthly payments at $ 75 .

Orman advised investing the money in a brokerage account if the cash value can't be transferred directly into a Roth IRA.

Over time, the compounding growth could create a financial cushion far more valuable.

VR Score

70

Informative language

70

Neutral language

51

Article tone

informal

Language

English

Language complexity

39

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

15

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