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 Indexed Universal Life a good investment? Well, one good thing about this is, Indexed Universal Life will let you participate in indexes. It could be foreign, it could be domestic. And the good thing about that is you get some of the market potential without any of the downside risk. Keep in mind though, even though there's no downside risk in this product, you still have policy expenses to pay based on the current price tag that the carrier is charging in the policy; as well as, it has contractual guarantees. You have to look at both of those to see if that's a good deal or not. But I like indexing because you get market participation without the downside risk. You just have to remember that I'm paying for expense loads. And that money could come out tax free, depending upon how you set it up.
Well, that's our consumer question for today. If you have any questions, just submit them to www.insurancelibrary.com.
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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 Indexed Universal Life a good investment? Well, one good thing about this is, Indexed Universal Life will let you participate in indexes. It could be foreign, it could be domestic. And the good thing about that is you get some of the market potential without any of the downside risk. Keep in mind though, even though there's no downside risk in this product, you still have policy expenses to pay based on the current price tag that the carrier is charging in the policy; as well as, it has contractual guarantees. You have to look at both of those to see if that's a good deal or not. But I like indexing because you get market participation without the downside risk. You just have to remember that I'm paying for expense loads. And that money could come out tax free, depending upon how you set it up.
Well, that's our consumer question for today. If you have any questions, just submit them to www.insurancelibrary.com.