Anyone know anything about these? I am 41 years old, and while shopping for a 20 year term life insurance policy, my agent brought this to my attention. Basically, for about $195 a month, (smoker rate), I'd get a $100,000 life insurance policy, and invest in a mutual fund of my choice that they offer, (of which I would probably opt to take the S&P 500 Index fund). I can change my fund allocation up to 12 times a year at no cost. The money invested is treated like a Roth IRA, that is, the money can be withdrawn tax-free in 20 years. Assuming a conservative investment accumulation of 10 3/4 % net after fees over the next 20 years, I would end up with about $103,000 to withdrawl tax-free at that time. The fees include: 3.5% taxes4.5% sales load$84 Annual fee, expected to be $60 after 10 years.$.12 per $1,000, (in my case $1,200), annual expense charge for the life insurance, expected to be charged for first ten years.It seems to me that with the tax benefit, the deal makes sense. I appreciate any other Fool's opinions.Fool on,fine
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