re: Indexed Universal Life policy. Who has done it?

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Please explain this reasoning further. It almost sounds like you are arguing for long term care. Or an annuitizing a sum of money (running out of money being the concern?)

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My in laws recently passed…one with dementia and the other with lung cancer….and their end of life expenses damn near wiped their retirement savings out. Also, at that stage you may not make the wisest financial decisions. My FIL’s whole life policy that he almost let default ended up helping to close out the estate., paying debt, etc. LTC insurance wont cover the debt on the Audi, Volvo and boat you bought that need to be sold.

To me it’s more about diversification. How many independent income streams can I have at that stage of life? What can I have if Plan A fails? There aren’t many options if you don’t have a pension.

That said I looked into life, annuities, etc. but just didn’t like the math and the opportunity cost of directing capital into these vehicles. You lose too much off the top to fees and admin.