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| premium load reduces actual amount invested, then the internal cost of admin and running the policy as well as the underlying fund cost get up over 3% sometimes as high as 4%. if the policy does 7% it barely survives. all you have to do to kill it is take some money out. you have to overfund the policy substantially to make it work. The only place this works is for people with a pile of cash flow and even then i would still argue it doesnt make sense. You are better off funding the Roth, no tax consequence to growth and then if you have excess money still, open a brokerage account and hope to pay cap gains if you do it right. Likely a 15% tax. And you are liquid if you need to be | |
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Variable Universal Life Insurance the new Roth IRA
