No. of Recommendations: 2
One of my rules is that you never buy any kind of investment vehicle from an insurance company. Their primary business is selling insurance. And, while your money is locked up essentially for life, the company can go about mismanagement and possibly fail altogether. Then you lose everything.

I agree that their primary concern is making big commissions and other fees off the financially naive.

If you want income, look into no load mutual funds (Vanguard) or buy high dividend paying stocks. That way your money is doing what you want it to do and is always available to you at the same time. You also don't pay high fees and commissions for essentially nothing.

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