charleszubrod
Expert
- 28
I am looking to overfund a UIL to build cash for a 30yr old person. Any suggestions on which Carriers.
In advance, thank you!
In advance, thank you!
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I am looking to overfund a UIL to build cash for a 30yr old person. Any suggestions on which Carriers. In advance, thank you!
Unless you are deliberately trying to MEC the policy, you can't really "overfund" a UL policy -- the insurance company won't let you. What you can do is MAX FUND a UL policy by paying the "7-pay" premium every year, beginning on Day 1. You won't cause the policy to become a MEC, and you will obtain maximum cash accumulation in the early years of the contract which is vital to the longevity of any UL policy -- "guaranteed" no lapse or not.I am looking to overfund a UIL