No. of Recommendations: 2
I think that the only people who ever recommend Variable Life Policies are Insurance SALESMEN. They get a big commission. When you die, your heirs have to pay taxes on the policy as if it were ordinary income. The salesman never tells you that. Stock they get to inherite at the stepped up basis.

Stocks are virtually always a better investment. Go with the 401K in an index fund.

Get rid of your financial planner. He is looking out for himself, not you. Run don't walk.

Jim
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