UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next
Author: ortman Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 17953  
Subject: Re: My God.... another VUL inquiry? Date: 9/1/2000 1:26 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I can't argue with the fact that always needing/wanting insurance in place will make the VUL much more attractive. But I wonder why he made this assumption, if you've told him, like you've told us, that aside from anticipated 'family protection' type insurance needs you were investigating a VUL primarily for retirement savings.

He brought up the VUL - then I researched it.

I stated that I didn't need permanent insurance. His belief is that it's a permanent need. Either conflicting interests on his part or an honest difference in opinion - I know not which.

I also think it's worth pointing out that if you decide now or later that a VUL could be a good product for your situation, you might want to compare what your agent is offering you to low-load policies from Ameritas or USAA. The low-load Ameritas VUL I've looked at performs about 20% - 30% better than the similar fully loaded product from a planner I met with.

Funny you should mention that. I was just at their site, and had them generate a customized prospectus for me. The charges associated with their VUL's where quite a bit lower than the one drawn up by my planner.

There was also no surrender charge on the Ameritas. The one proposed to me had a surrender charge that declined over a 10 year period.

Thanks for the tip.

-Ortman
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement