re: The debate about universal life insurance

quote:

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I’m 38.....I did a cash account calculator with 15k contributions per ....8% growth 15% capital gains for 10 years then allowing it to grow to 62 and I do come out with more cash but the combined death benefit seems to beat it, and it covers any underlying health issues.

At 61 I have almost 1 million in balance. Interest is about 77k per year. With 11k in taxes

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The UL is a good option if you need life insurance and want the tax deferred growth.

One of the problems with UL are the maintenance fees on the policy.
A second problem is accessibility fees. You get charged fees to access the funds.
A third problem (probably not for you since you are looking so far into the future) are surrender charges for early withdrawals from the cash account (usually within the first 15 years)