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Started By
Message
Indexed Universal Life policy. Who has done it?
Posted on 7/27/23 at 11:55 am
Posted on 7/27/23 at 11:55 am
Seems like a good way to invest if you have the extra money to do so?
12
Posted on 7/27/23 at 1:46 pm to HailToTheChiz
quote:
Seems like a good way to invest
Posted on 7/27/23 at 1:47 pm to HailToTheChiz
quote:
a good way to invest
What are we investing in? The insurance salesman?
Don't mix insurance and investments
Posted on 7/27/23 at 2:35 pm to HailToTheChiz
quote:
Seems like a good way to invest if you have the extra money to do so?
Explain the product to an 8th grader in three sentences or less.
Complex products are never something I'm interested in "investing" in.
Posted on 7/27/23 at 3:32 pm to HailToTheChiz
No, always buy term and invest the difference. Any form of whole life is a rip off.
Posted on 7/27/23 at 4:46 pm to HailToTheChiz
quote:
Indexed Universal Life policy. Who has done it?
Fools who don’t understand investing and opportunity cost.
Posted on 7/27/23 at 5:32 pm to HailToTheChiz
Term or whole life, universal life is a horrible product.
Posted on 7/27/23 at 8:54 pm to HailToTheChiz
quote:
Seems like a good way to invest
Permanent life insurance is not an investment product. It is insurance and should be used with that in mind.
Posted on 7/27/23 at 8:58 pm to HailToTheChiz
Duplicate
This post was edited on 7/27/23 at 8:59 pm
Posted on 7/27/23 at 11:04 pm to HailToTheChiz
When a guy told me him and his family gradually transition term to full life policies over time as part of the investment portfolio I knew then and there I was done. It’s just obvious when people are either too dumb or only care about how much they make. If one of your biggest pitches continually comes back to high as giraffe pussy insurance then I’m done.
This post was edited on 7/28/23 at 6:12 am
Posted on 7/28/23 at 9:12 am to HailToTheChiz
I’m by no means an expert, but in my review of the product, it seems like I would be combining index investing with a non-investment life insurance product and paying someone for the privilege of bundling them together for me?
Even ignoring my standard objections to whole life policies, could you explain what benefit this brings when compared to simply buying a whole life plan and investing in index funds separately?
Even ignoring my standard objections to whole life policies, could you explain what benefit this brings when compared to simply buying a whole life plan and investing in index funds separately?
Posted on 7/28/23 at 11:36 am to HailToTheChiz
nope. Def not
Posted on 7/31/23 at 8:30 am to HailToTheChiz
The only people who will see a real benefit from them are extremely high earners. Any index fund will outperform them.
The primary uses, in my opinion, are to pay estate taxes if they will be owed when you sue (very unlikely) or to use as a tool to loan money against on the cheap later in life. If those things seem appealing to you, then look into it. Otherwise, just but a term policy and invest the difference.
The primary uses, in my opinion, are to pay estate taxes if they will be owed when you sue (very unlikely) or to use as a tool to loan money against on the cheap later in life. If those things seem appealing to you, then look into it. Otherwise, just but a term policy and invest the difference.
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