Quote:
Originally Posted by Slava
Well you want to be careful here; the illustration might allude to those figures, but they're not guaranteed and it depends on the interest rate used for the projections. Also, and maybe its just your explanation, but if you take out all the money at 55 then you have to continue paying premiums, or surrender the contract. I can't see how you could withdraw everything and have it funded....but maybe I misunderstood what you are saying here.
|
From what I understood when I last met with my investor was at a certain time the premiums would be covered with the compounded interest. For me I am not a financial expert so this seemed like a logical path to take. A two for one deal. Get a nice chunk of money for my retirement and also have a life insurance at the same time. But I could have misunderstood too I usually leave these things up to the wife. Me and money we have too much fun.