Quote:
Originally posted by MysticLlama
I do realize the fees and such are quite high at the beginning, the plan would be to pre-fund it heavily the first couple of initial years to make the curve better.
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I spent a long time trying to push different scenarios around with them. In the end, they are not going to let you swing the odds into your favor very much.
I tried to see if they would let me do a small UL and a large TL until the "fees" were taken care of and then convert the TL to the UL. This would be good for you because you could lock in rates that are not cancel-able. No good. They start you back over with the fees and commissions. Also they would not give you the fixed rate. The only benefit they give for doing this is that you don't have to requalify.
The only relatively "good" option would be to dump in a HUGE lump in the first 1-2 yrs. This would pay them off and then you could focus on growing the value. The problem is that unless you structure the UL payout to grow with your investment gains, the amount that your investment makes gets subtracted from the policy amount and they only pay the difference. So by your money making money, you help them pay less. Nice, nice for them....