http://www.lifeinsurancelowdown.com/2006/09/variable_univer.html Life insurance news, reviews and tips Fri, 05 Dec 2008 08:56:24 +0000 http://wordpress.org/?v=2.5.1 http://www.lifeinsurancelowdown.com/2006/09/variable_univer.html#comment-24 mike barriga Tue, 20 Mar 2007 15:46:41 +0000 http://www.lifeinsurancelowdown.com/2006/09/variable_universal_life_insurance_basics.html#comment-24 again you must look at the costs. many of the products out there have break points, in which if you buy this much, the sales charge reduces. yes there are management fees but same goes with any investment out there. and cost of insurance (basically your own mortality) does increase each year, but that is why you want to do this type young. now take this example. say you buy $500,000 policy at age 21. now you are paying costs of insurance on $500,000. but as your account grows over time, the amount you are buying decreases. so now say you are 40 and the value of your account is $250,000. now you are only paying $250,000 worth of policy. again, ask your agent questions, all the questions when it comes to costs. you have to be smart as well. again you must look at the costs. many of the products out there have break points, in which if you buy this much, the sales charge reduces. yes there are management fees but same goes with any investment out there. and cost of insurance (basically your own mortality) does increase each year, but that is why you want to do this type young. now take this example. say you buy $500,000 policy at age 21. now you are paying costs of insurance on $500,000. but as your account grows over time, the amount you are buying decreases. so now say you are 40 and the value of your account is $250,000. now you are only paying $250,000 worth of policy. again, ask your agent questions, all the questions when it comes to costs. you have to be smart as well.

]]>