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68791 | My first reaction upon reading was to report this because it really seems like you want to be advertising for it but I think that is incorrect. The base idea is that you put in some money into some funds in this magic wrapper and life is better. Well why not buy those funds just by themselves? The reason why it's so magic is because the first money returned to you is not taxable because of the cost.
The real way to evaluate this would be:
A: Illustration of X per month into the insurance contract with certain subaccounts and see what the value is say 30 years down the road
B: Illustration of X - Y(amount of term insurance for 30 year period cost) per month into the same funds in the subaccounts for 30 years
The earning illustrations need to be the same % for it to be accurate. | |
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Variable Universal Life Insurance the new Roth IRA
