The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Variable Univ. Life Ins? Date:  8/8/1997  12:24 AM
Author:  westcoast Number:  167 of 88498

I'm being propositioned by a Variable Universal Life Insurance company
and they're telling me along with the untaxable compounding in stocks
I can also withdraw money when I'm older (it's a 'wash loan?' that supposedly counters any interest charges) tax free as well. Not to mention
the ability to put in more than $2000/yr (i.e. IRA).

This sounds too good, what's up? Anyone?

(PS. My own research shows that they only deal in mutual funds within the account and they charge an awful lot for the service--> $60 annual + 2% or $25 on all withdrawals whichever is lower.... I'm still researching it. My studies have also turned me towards something called Variable Annuity...
Any of this stuff useful to a 22yo?)

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us