I read some of the posts here. It's unfortunate. I believe this forum can be a great resource to learn about a financial product and it's right use without any personal attacks.
I am still researching these EIULs for my needs as an investor. My use of this vehicle is to use it like a bank to make more investments but looks like after 70 it's just not worth having this as COI gets higher and I was wondering about exit strategy to end this policy at that age and move my money to something else or to a policy on kids or grandkids without any tax.
To keep it till the end, the S&P needs to make atleast 6% otherwise the whole thing goes to zero in a few years. It's not the amount of premium into this but the index returns that make it go bust. I don't understand this. Any insights into this by experienced agents would be very useful. Thanks
I am still researching these EIULs for my needs as an investor. My use of this vehicle is to use it like a bank to make more investments but looks like after 70 it's just not worth having this as COI gets higher and I was wondering about exit strategy to end this policy at that age and move my money to something else or to a policy on kids or grandkids without any tax.
To keep it till the end, the S&P needs to make atleast 6% otherwise the whole thing goes to zero in a few years. It's not the amount of premium into this but the index returns that make it go bust. I don't understand this. Any insights into this by experienced agents would be very useful. Thanks