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[quote=Anonymous][quote=Anonymous]But $370k is not probably not income replacement. That's another problem with whole life. The payouts are too small and the premiums too expensive. We each carry $2 million in term the premiums for which if we keep.them for 30 years would be less than half the whole life premiums on a 370 policy.[/quote]

That’s the cash value…the life insurance is now at like $800k for this policy.

The point is that it’s both life insurance and a savings vehicle that has almost zero correlation to the stock market.  And it’s completely tax free savings if withdrawn correctly.  The return has been better than any alternative to stocks…much better than bonds.  Just a way to diversify your portfolio and no different than a balanced investment portfolio.

We have term above that as well.

Variable Universal Life perhaps could be called a scam because if the market tanks then your premiums can jump a lot just to keep your policy.  Those policies are tied to overall market performance.[/quote]

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