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@missmae As others have stated, eloquently, I would not move forward until you understand every disclosure in the illustration inside and out. These illustrations are sold on the sizzle, but the steak is often over cooked, tough, and likely to give you a bad stomach ache. This is why I hate...

@tamimolina888 Got it. It’s a key person policy. Yea I mean if your partnership requires it, it is what it is.

@tamimolina888 Why do you own this policy? You said it’s because you are “forced” by your employer? Can you explain that? For the most part VUL’s are, in fact, horrible investments. For any insurance product, you need to know what your needs are, and what need the policy is filling. If you...

@tamimolina888 You can think of it all as insurance charges - the COI charge is specific to actual mortality expenses I believe. It’s funny because one of the reasons people love UL is the supposed “transparent” fee structure, but in actuality it isn’t really all that helpful, as I think you...

@tamimolina888 Got it - yea that’s about right.

@tamimolina888 I don’t follow how you are arriving at the 9%, but at any rate, that’s actually pretty much where the fees will land with universal life. Remember you are buying insurance - there are costs involved. You can’t compare it to fees you’d see in something like a brokerage account.

@darlene5 You need to look at your illustration and see how your cash value growth will be going from this point forward as compared to your premium. That cash value is your emergency fund. Depending on how much is showing up vs your premium should hopefully give you a comfort level on which...

@darlene5 The policies you were sold do not seem like they were set up to maximize cash value growth, given that you only have $1500 after the first two years on ~$14k in premiums paid in. Why did you discuss with your family friend getting these policies in the first place? Have your needs...

@vermillion Maybe recently laid off from SVB?

@fantheflame No. This is not how Life Insurance or Infinite Banking work. I think you misunderstand. Infinite Banking does not generate cash flow - cash flow passes THROUGH it. If you have no cash flow to begin with, you don't have Infinite Banking. There are insurance products (IE...

@deltoots It really depends on your situation. Whole life is not really about death benefit. The death benefit is much smaller per premium paid than term life. The whole life I have exists as a financial asset. The term life I have protects my family.

@deltoots If you are wanting death benefit (which is what you seem to be looking for), term is the way to go. If you want to have more of a financial/savings asset, whole life is what you want.