My Account
Sign up, and you'll be able to vote in polls.
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Jan 12, 2020
10:01
:33
pm
RexIdaCoug
All-American
If you aren't pretty wealthy, it is a bad idea.
It's a great idea for the guy selling it to you.
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
RexIdaCoug
Bio page
RexIdaCoug
Joined
Nov 17, 2006
Last login
May 12, 2024
Total posts
17,392 (2,317 FO)
Report problem with this ad
Messages
Author
Time
Any of you guys or gals using Variable (not Whole) Universal Life Ins as a part of your
unctoothman
All-American
1/12/20 9:58pm
If you aren't pretty wealthy, it is a bad idea.
RexIdaCoug
1/12/20 10:01pm
I don't use it because in the accumulating years the average return of the stock market has vastly outperformed any
RdF3
1/12/20 10:01pm
this + RE returns. Not close in my experience.
mulletino
1/12/20 10:02pm
Don’t do it. Bad investment.
Mr. Belding
1/12/20 10:11pm
Get term life and invest the difference. You will come out ahead by a long shot.
PCCoug
1/12/20 10:19pm
If you need life insurance for life, and not a term, then ...
VegasCoug
1/12/20 10:21pm
I max out 401k and then do permanent life insurace mixed with term.
YSMACK
1/12/20 10:30pm
No IRA? HSA? Between just those three, you can invest some ~$50k / year.
ebv
1/13/20 5:57am
For HSA you need a qualifying HDHP in place. In PA for example there were a
Saxa
1/13/20 7:14am
Yes, of course. Ouch for PA.
ebv
1/13/20 8:10am
I'm not doing it for the life ins. That's a nice benefit, but the ultimate purpose
unctoothman
1/13/20 6:41am
I think properly planned Indexed Universal Life Insurance can be great in some
DogBoy
1/12/20 10:52pm
Variable means it can gain and lose money based on the investments in the policy
DogBoy
1/12/20 10:58pm
I've looked at the Equity Indexed UL policies as well. The floor is nice, but the
unctoothman
1/12/20 11:08pm
That's not the whole story. The one year term, large fees, e.t.c.
Gentleman Stan
1/13/20 12:45am
It's the worst policy there is.
Gentleman Stan
1/13/20 12:41am
This. Term life is the only way to go.
ebv
1/13/20 5:59am
Don’t do it. Just get her term.
cougfanz
1/13/20 2:48am
Thing is, I'm not doing it for the life insurance aspect. I'm doing it for the ability
unctoothman
1/13/20 6:40am
If you leave it in place for too long it will eat your investment and leave
Gentleman Stan
1/13/20 7:11am
I own a small business as well and just switched from a SIMPLE IRA to a 401k
PCCoug
1/13/20 8:32am
Good to know. Thx.
unctoothman
1/13/20 10:38am
I’m an idiot with this stuff but everyone who I trust and listen to is against
cougfanz
1/13/20 8:38am
Not variable but indexed and whole life
Jersey hunter
1/13/20 7:42am
Keep in mind that with Whole Life heirs don't get to keep the
Gentleman Stan
1/13/20 11:40am
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad