1. 61667 POINTS
    Steve SavantPRO
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

    Video Transcript: Hello, everyone. I'm Steve Savant, Syndicated Financial Columnist and host of the weekly online talk show, Steve Savant's Money: The Name of the Game.

    I'm answering questions from insurancelibrary.com, and today's question is: is Universal Life a good investment? Remember, pure Universal Life is really interest rates. And so, if interest rates and you're a conservative person, that may be a play for you and you may want to look at that. Remember, it accumulates tax deferred.

    It can come out tax free if it's a non-modified endowment contract and it's kept in force for the life the policy insured. And remember, it's really interesting. They have current company practice where they charge expenses for the policy and they have contractual guarantees. You'll want to make sure that you look at both sets of rates before you make your final purchase. And remember, interest rates tied generally to Government Treasuries are probably what's behind most of these contracts that you look at. They're really great for indemnification. It can also be used for income, and it's a great way to use it for supplemental retirement.

    Well, that's our consumer question for today. If you have any questions just submit them to www.insurancelibrary.com.
    Answered on July 21, 2014
  2. 4249 POINTS
    Gary LanePRO
    President, Lane Independent Agency, Southern California
    Please do not just think of life insurance as an investment, although it really can be. It is protection for you and for your family. And if you get a policy like Premier Financial Alliance offers, with Living Benefits, you do not have to die to collect on it. But Equity Indexed Universal Life can and does regularly outperform the stock market, so it can act like a great investment. It will not go down with the stock market but will go up with the stock market (capped). See your agent. GARY LANE, garylane@cox.net. 714 422 9616. Thank you.
    Answered on March 31, 2015
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