Skip to main content
No. of Recommendations: 0
My wife and I did th esame thing a few years ago. Every time we have meet with a "professional" they push the poduct that they make the nost money on. We bought a VUL and it has not been too bad, largely due to the performance of the market.

However, looking back we would have been better off to max our 401K, fund our IRA and setup accounts for our daughter for her education.

If you decide on a VUL be sure you understand the fees and limitations. We are stuck staying in ours until 10 years or we are hit with a 15% penatly on the cash out. Something the pros never mentioned.

Also once we bought this policy our adivsor had several other savings plans for us to buy. He saved for his retirement very nicely.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.