Well, I can say one thing: Dave's analysis is far more indepth than anyone else's on this thread.I just bought an IUL myself. I like the idea that I participate in market gains while taking no market losses--ever. And the gains are tax free! Sure, I may be able to find a 10-bagger on my own somewhere among the ruins, but the last thing I want to do is watch the stock market. I've got enough irritation from just living--especially while Owebama is president. (Why should I care that the insurance company takes the losses?) Also, I have no bias against insurance companies. In my own experience, life insurance bailed my family out of what would have been a catastrophe had my father not had it. I don't know of any investment that you put (for example) $100,000 in, that's working in the market, tax free, but if you die, even tomorrow, you get 4x as much as you put in. Tell a mutual fund that's what you expect and they'll laugh in your face.I'm with the OP. What's not to like about indexed univeral life policies except maybe, for those who won't take the time to read the contract, you may get spooked by the number of pages. Sheesh.
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