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re: Index Universal Life Insurance
Posted on 3/2/24 at 5:55 am to DUKE87
Posted on 3/2/24 at 5:55 am to DUKE87
Look at all permanent life insurance products in almost all situations like this….
The only way for insurance companies to pay out billions of dollars in claims every single year AND make a profit is to invest your premium every single month you pay it. Do you think they’re investing it in whole life or IUL’s — or in the stock/bond markets instead?
There’s your answer…
Insurance companies don’t even invest in the permanent products their agents push so hard so why should you believe an IUL, UL, or a whole life product will make YOU money? Are you smarter than the insurance company?
The only way for insurance companies to pay out billions of dollars in claims every single year AND make a profit is to invest your premium every single month you pay it. Do you think they’re investing it in whole life or IUL’s — or in the stock/bond markets instead?
There’s your answer…
Insurance companies don’t even invest in the permanent products their agents push so hard so why should you believe an IUL, UL, or a whole life product will make YOU money? Are you smarter than the insurance company?
This post was edited on 3/2/24 at 6:00 am
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Posted on 3/4/24 at 8:13 am to DUKE87
You might consider 20-term life insurance. If you keep investing, you should have a nice sum in 20 years and no longer need insurance. You will likely get much better returns with your non-insurance investments than a any insurance product. I did exactly this, and let my 20-year expire at age 58.
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