My Insurance Haven Everything you want to know about insurance

life insurance loans taxable

life insurance loans taxable

What do you think of a better way to invest my money?

Overfund index universal life insurance policy or mutual funds? I am 47 and want to invest 60,000 per year for 10 years. I tell my assignment in the mutual fund will be a mix of growth and balanced. Probably return somewhere btwn 8-9% taxable. The life index will probably somewhere btwn 7.5 to 8.5%. I'll be able to withdraw without insurance taxes form of a loan, as I do not remove everything. My loan continues to earn interest and money will last longer. I lean toward life index. All Should I be aware of. Oh yes, I received the highest score by lowering the cost of insurance. I do to make a well and I max my Roth simple plan I propose to work.

Universal life (or cash value) insurance accumulates cash value but term insurance cheaper. I say buy term and invest the difference in a good mutual fund with no load at fidelity.com or vanguard.com. Cash flow value that you built from these investments will likely be higher than life insurance (which you'll pay less commissions). Only buy term life insurance until you retire. Life insurance is to replace your lost income for your family. After retirement, you have no income to sure. See also other discussions in the insurance section.