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re: Indexed Universal Life Insurance

Posted on 4/2/13 at 8:30 am to
Posted by wasteland
City of peace
Member since Apr 2011
5608 posts
Posted on 4/2/13 at 8:30 am to
Its not wise to liquidate a fully funded whole life policy. Why would you want to pay taxes unless you have to? Leave it in force and draw it down as you need it while it continues to accrue dividends. Investors don't liquidate managed accounts or retirement accounts when it hits a target number, why would they liquidate the life insurance?

That's the biggest flaw I see in anti- whole life arguments.
Posted by GoCrazyAuburn
Member since Feb 2010
35011 posts
Posted on 4/2/13 at 8:43 am to
quote:

wasteland


Exactly. Plus, on the best policies, you still earn interest on money taken out of the policy.
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