No. of Recommendations: 1
~ Starting balance in IUL and S&P of $10,000
~ Monthly contribution $1,000 to IUL and S&P

I bypassed this earlier, but now that you've repeated it, I have to ask...
Do you realize how much this is??? Now absurd it sounds?
$1000/mo is $12,000/yr.

2013 - 1965 is 48 years. Total contribution is $576,000. Oh, plus the initial $10,000. $586,000.

Back of envelope figuring: Rule of 72 says 7.2% growth doubles every 10 years. Average S&P growth is close to 7.2%, so let's go with that. So we double about 5 times. Average balance is half of $586K or $293K. Double that 5 times = 32 times. 32 * $293K = about NINE MILLION dollars.

When figured accurately, the 1/1/2003 value of S&P500 B&H is $6,200,000.
SIX MILLION DOLLARS.

That's only back-of-envelope figuring. Details to come.
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