iknowmorethanyou

My daughter was terrified of "Mister" Aaron...and rightfully so.

You do.

She cleans up nice.

The SS cap is individual not combined.

They're probably overweight tech and dropped 5-7%

It's a universal life policy. The insurance cost is based upon "net amount at risk". This is the difference between the cash value and death benefit.

This cost is calculated annually based upon your attained age. It was imperative to pay a higher premium when the interest rate assumption dropped to likely 3 or 4%. Your initial premium was likely based upon double digit or high single digit interest assumptions on growing your internal cash value.

The goal is for the cash value to meet the death benefit to keep that net amount at risk low. They waited too long to adjust the premium. The policy is also too small to sell on the secondary market.

Either cash it out or ride it until it dies, IMO. 24 years experience in the industry, fyi.

ETA: you can also reduce the death benefit to possibly extend the duration.

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Ed Osteen

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Bruh

How old is the policy? That usually dictates the loan/interest rate terms.

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$1,000 per share is an objectively stupid thing to even suggest.

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Given the source, par for the course.

Papers, comrade.