"One could do the same thing in an Index Universal Life policy...~AND~ your principal would be guaranteed against loss;~AND~ your gains would be taken off the table and likewise guaranteed against loss;~AND~ your beneficiaries would get a nice big payoff when you finally do kick the bucket--many more times what you paid in;~AND~ the money you withdraw would be tax-free.Caveat: your upside is limited to 17% annual gains."I suspect if you back test this, and see the years where the stock market doubled, you'd see how bad a deal any Life insurance vehicle is!Most of the market gains have occurred in spurts...down one year, the recoup the loss and add more. By limiting yourself to 17% gain, you take it in the shorts when the market drops and starts out the year low, then it regains the 30% it lost the next year. CC is still pushing 'life insurance' stuff. Even Suze Orman won't go near the stuff.t.
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