Best use of $5k annual premium for retirement cash?

Two different products.The IUL will offer you flexible premium payments and a flexible death benefit, but the cost of insurance goes up significantly at older ages. WL offers less flexibility with guaranteed values and the possibility of dividends enhancing both the cash value and death benefit. With either one you should break even in 13 to15 years but if it were me I would go with a Max funded WL.

You can design to break even in probably year 8-10 with either, assuming standard nt or above health rating. Again, which product would be best would be determined by a deeper dive into individual overall situation.
 
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