Universal life insurance options and the drawbacks
by Guest » Tue Feb 09, 2010 10:11 am
I've often read about the death benefit and the investment options offered under Universal life insurance. But I'm not too sure of the drawbacks of such policies.
Total Comments: 24
Posted: Mon Mar 22, 2010 02:19 pm Post Subject:
Do you know what UL is? It has cash value....and if built correctly...the cash value grows far more than whole and the cash value passes on to the beneficiary....whole life dividends are normally just used to buy more insurance...why would I pay the same thing for a whole life policy that will always be say 100k, when I could buy 100k of UL and have it grow to 150k,200k,250k+ GUARANTEED.....
Posted: Mon Mar 22, 2010 02:23 pm Post Subject:
Do you know what UL is? It has cash value....and if built correctly...the cash value grows far more than whole and the cash value passes on to the beneficiary....whole life dividends are normally just used to buy more insurance...why would I pay the same thing for a whole life policy that will always be say 100k, when I could buy 100k of UL and have it grow to 150k,200k,250k+ GUARANTEED.....
Probably because you don't know what you're talking about.... :wink:
Posted: Wed Mar 24, 2010 04:35 am Post Subject:
It is important to use a stable investment vehicle with guaranteed returns and great tax benefits.
Nothing like this exists. "Stable investment vehicles" are CDs -- certificates of depreciation -- tried outpacing inflation in a CD any time in the past 40 years? Ain't happening.
And might as well cross off US Savings Bonds, too, now that the Democrats have saddled future generations of American children with debt that will be impossible to pay off.
And great tax benefits
-- LOL!! Given this past weekend's behind-closed-doors dealmaking that led to the "historic" 219-212 vote that has set America on the path to utter bankruptcy, the best tax benefit will be to become a citizen of your own country somewhere else in the world, and then ban all taxes.
Posted: Wed Jul 06, 2011 05:18 pm Post Subject: Insurance is Insurance - Not an Investment
Although some may tout the "investment" component of permanent life insurance, insurance should not be considered an investment.. it should be viewed as what it is - insurance. It is a social product that creates a risk pool that policy holders pay into and hope they never have an event that makes them need to dip into the pool. Some life insurance plans may offer some additional benefits, but these should not be looked at as investments.. you'll only be disappointed in the "return". Generally, I think most average families that want an affordable plan would benefit from a term life insurance policy....usually this is the only type of plan people even consider. Here are some good sites to read about term coverage...
Posted: Mon Mar 22, 2010 02:19 pm Post Subject:
Do you know what UL is? It has cash value....and if built correctly...the cash value grows far more than whole and the cash value passes on to the beneficiary....whole life dividends are normally just used to buy more insurance...why would I pay the same thing for a whole life policy that will always be say 100k, when I could buy 100k of UL and have it grow to 150k,200k,250k+ GUARANTEED.....
Posted: Mon Mar 22, 2010 02:23 pm Post Subject:
Do you know what UL is? It has cash value....and if built correctly...the cash value grows far more than whole and the cash value passes on to the beneficiary....whole life dividends are normally just used to buy more insurance...why would I pay the same thing for a whole life policy that will always be say 100k, when I could buy 100k of UL and have it grow to 150k,200k,250k+ GUARANTEED.....
Probably because you don't know what you're talking about.... :wink:
Posted: Wed Mar 24, 2010 04:35 am Post Subject:
It is important to use a stable investment vehicle with guaranteed returns and great tax benefits.
Nothing like this exists. "Stable investment vehicles" are CDs -- certificates of depreciation -- tried outpacing inflation in a CD any time in the past 40 years? Ain't happening.
And might as well cross off US Savings Bonds, too, now that the Democrats have saddled future generations of American children with debt that will be impossible to pay off.
And great tax benefits
-- LOL!! Given this past weekend's behind-closed-doors dealmaking that led to the "historic" 219-212 vote that has set America on the path to utter bankruptcy, the best tax benefit will be to become a citizen of your own country somewhere else in the world, and then ban all taxes.Posted: Wed Jul 06, 2011 05:18 pm Post Subject: Insurance is Insurance - Not an Investment
Although some may tout the "investment" component of permanent life insurance, insurance should not be considered an investment.. it should be viewed as what it is - insurance. It is a social product that creates a risk pool that policy holders pay into and hope they never have an event that makes them need to dip into the pool. Some life insurance plans may offer some additional benefits, but these should not be looked at as investments.. you'll only be disappointed in the "return". Generally, I think most average families that want an affordable plan would benefit from a term life insurance policy....usually this is the only type of plan people even consider. Here are some good sites to read about term coverage...
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