An acquaintance with Northwestern Mutual Life has been pushing my husband to invest in a VUL - variable universal life policy. We're both 40 - and he works for a Fortune 500 company with a good matching plan, pension, etc.. He already has a $1 million life ins. policy (term) - $93.00/month.Is it worth it, (he suggests investing $2,000/monthly) - for tax benefits alone?? Do you think this amount of money would be better spent paying off our home or investing elsewhere? Please advise. What are the pros/cons of this investment vehicle?? Thank you!!
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