Retirement investment question or advice

I hate universal life with a passion. They are poorly designed, and always end up eating themselves alive. Universal life is not true permanent insurance, and only really works well when interest rates are really high.

Most here know I work in the insurance world, and I refuse to sell universal life. I can't tell you how many people I see with universal life policies that end up completely going away by the time they are 70 unless they pay ridiculously higher premiums.

If you want to look at what insurance can do, look at the traditional permanent from Northwestern, new York life, and maybe Mass. Then compare. With the Roth you already have some tax free retirement income, and the insurance can help increase that too.

Other than that, why don't you have a 401k? Your best bet would be to truly diversify into investment accounts that you can be really risky with, and use a risk free product like insurance to protect your base.

Good luck

quote:

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What are your thoughts on investings in indexed universal life insurance with a lifetime income rider as a retirement option?

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shite. It's fricking insurance. Not a retirement plan. This is why insurance people that do this piss me off.

His name is "Broke"

I am not self-employed and my employer does not offer a 401-k. What is my next best option after the Roth is fully funded every year?

Thanks again..