The Cost of Life Insurance Is Depleted

Lloyd purchased a universal variable life insurance policy with a death benefit of $350,000 and an annual premium of $4,600 in 1999. Now they want them to pay either another 15,000 a year or 100,000 which should generate and carry them for 15 years. Lloyd: "I have a hard time getting a check back for only 31,000 if we cash it out now" If you had taken that $4, 600 a year and invested it in the stock market and like an index fund over the past 24 years, the index fund now has averaged about a 6.95% annual average rate of return. Do you know today? You would have $284