I opened my cash value UL for this purpose.

I still think market returns (even with taxes) are better than current growth from UL. Isnt the current scenario looking 30 years into the future? Why avoid the most aggressive growth option? I know that taxes suck. But I'd rather maximize my growth and deal with the taxes than put a hard cap on my return with a 30 year timetable.

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Posted by PropofoLSU

Irwin, Idaho

Member since Aug 2013

543 posts

Posted on 8/10/20 at 10:12 pm to meansonny

It’s fixed index funds. Never can lose meaning a loss is 0% for the year but Caps at 12% on a big year. It guarantees about 6% on average. I’ll have more details Wednesday. I’ve printed out the cash calculators to compare. Thanks for the advice guys.

This post was edited on 8/10/20 at 10:14 pm

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Posted by EA6B

Member since Dec 2012

14754 posts

Posted on 8/10/20 at 10:21 pm to meansonny

quote:
But I'd rather maximize my growth and deal with the taxes than put a hard cap on my return with a 30 year timetable

It is a psychological factor, and there is no set amount, but there seems to be a level of net worth that once you reach it you become more interested in preserving your wealth than future returns. But I agree, investing in the market long term rather than insurance would usually be the best way to build wealth.

This post was edited on 8/10/20 at 10:25 pm

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Posted by yatesdog38

in your head rent free

Member since Sep 2013

12737 posts

Posted on 8/10/20 at 10:22 pm to meansonny

There are ways to leverage the whole life policy and other investment options that involve setting up a trust. GRATs and some other lending strategies to leverage trust assets. It is out of my league of knowledge, but I was reading something a couple months ago. I'll see if I can find the article.

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