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Re: Variable Universal Life

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Posted by SD on January 21, 2005 at 04:46:06:

In Reply to: Variable Universal Life posted by grant on December 09, 2003 at 16:02:26:

Grant:

I think life insurance is not an investment. If you want a tax break, get an LLC. Run your business through that. See your accountant to maximize your loopholes. The best investment is in yourself and your business (assuming you are in the right one). Not some overpriced life insurance policy.

sd


: Hello:

: I am considering over-funding a variable universal life policy on myself. Although I do realize that there are some costs involved in this type of policy, I think it's appropriate given my situation.

: I like it because of the tax deferral (I'm in a pretty high bracket).

: Married with two kids, and the house is paid off. Already fully funded a Roth for this year, and am maxing out my employer's 401(k).

: What do you all think?

: Grant




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