Quote:
Originally Posted by Cflames_12.5
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.
|
I'm not trying to say it won't work or was a bad decision or anything, but something just doesn't sound quite right. Maybe what you mean is that you could take out the money you had contributed but leave the growth in there? Theoretically that might work, it depends on the underlying return, and how much you put in I guess.