That looks like a northwestern mutual illustration for VUL.
Why do you want to purchase this ?
The charges go up each year simply based on the age of the insured, however the net amount at risk is what you pay charges on, so depending on your death benefit option, underlying investment performance, and any loan balances the insurance charges can vary greatly.
The police’s collapse quickly once you start pulling money out, increasing loan costs and net amount at risks makes it erode fast. Typically outweighs any tax benefit.
Why do you want to purchase this ?
The charges go up each year simply based on the age of the insured, however the net amount at risk is what you pay charges on, so depending on your death benefit option, underlying investment performance, and any loan balances the insurance charges can vary greatly.
The police’s collapse quickly once you start pulling money out, increasing loan costs and net amount at risks makes it erode fast. Typically outweighs any tax benefit.
Statistics: Posted by JohnDindex — Thu Jan 18, 2024 6:36 am — Replies 16 — Views 563