this post was submitted on 27 Aug 2025
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No Stupid Questions

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I hate investing. Shit in general is made up bullshit and is halfway between a scam and gambling, but unfortunately I live in a society and have to play these games for my own survival. Anyways a coworker I generally trust recommended I get one of these for retirement or college funding or whatever: the concept is I pay towards a life insurance policy and after some time I can leverage it for cash to do stuff with. I'm not familiar with all the details of how it works: whether it's a loan with no interest or an early use of my policy's pay out. So, I was wondering if anyone here has used one in the past or knows of these matters and can provide advice on it.

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[–] slazer2au@lemmy.world 5 points 18 hours ago

With the info here I would say it is a early use of the insurance payout. If you want to invest go for something simple like Vanguard SPY or ishare ivv (both track the s&p 500) then get some Vanguard VXUS for tracking the global stock markets except US.