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In Reply to: follow up posted by interseted reader on April 27, 2004 at 16:24:30:
There is certain info that I need about the VUL.
You have many different choices as far as prem. are concerned.
To use a VUL as an investment, you would want to over-fund it, Max. prem. Min. insurance.
Or you could just pay "target" prem.
Bottom line: BTID is better that a VUL paying less that Max. prem. which is the same as max. funding.
IMO, you did the right thing.
I can't compare to a whole life when Mike won't post the Whole LIfe numbers.
How can you compare anything if you don't have anything to compare against?
: Mike & Jax,
: My posting to jax regarding my policy did not appear. I wrote that I bought a 30 yaer term policy with a death benefit of $350,000 for a yearly premium of $372. Comparing that policy to the vul the agent offered me i felt that my choice was the better one for me. I will invest the money i would have put in the vul in a roth ira. that was my decision.
: Mike, I was hoping you would post some numbers for a vul that you would offer, but I don't think you will. It has dawned on me that you are most likely not even a life insurance agent. You CAN'T offer a plan because you don't have one.
: I find it reprehensible that you would post on the
: subject (pretending to give advice) when you have NO qualifications whatsoever. If you are an agent, please post a quote so this dicscusion can take place.
: Jax, would you like to post a quote for a vul for someone in my position. perhaps then we can all see how the two options compare.
: thank you.