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Should I Consider an Indexed Life Insurance Policy?

2011 July 1

No! This is just another type of cash value life insurance policy dressed up like an investment product to try and appeal to someone’s desire to have stock market like returns without the risk typically associated with the market. Indexed universal life is just a gimmick whereby the insurance company tries to insulate you from stock market losses by offering shared investment earnings when the market is up and minimum returns when the market goes down. The policy still maintains all the same flaws of a typical cash value policy, but adds additional fees and expenses, not to mention the fact that you lose the upside of the market, which is typically much higher than the high end payment from an indexed product.

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