Karen Adams Insurance Agency, Serving California for 30 years.

There once were 2 guys.  Both were 30 years old.  One was named Steve and the other named Phil.  Steve and his wife deposited $100.00 per month in their local Bank which was paying 3% interest (No guarantee in this economy).  At age 65, our friend Steve would have put $42,000 in his bank account.  Interest is taxable each year so the net gain at the 25% tax bracket is only $64,237.00.  If Steve dies and had only one deposit, his family received the $100.00 plus interest.  Steve must be healthy, physically able and employeed to make each deposit.

Phil, his friend, deposits $100.00 each month in his Flexible Universal Life Insurance Policy currently paying 4.3% with a 3% guarantee compounded annually.  The cash that doesn't pay the term life premiums is tax deferred so his cash value at age 65 is $83,708.  If Phil dies after 2 deposits, his family received $250,000 in tax free dollars!  Phil elects to add Waiver of Premium so if he becomes disabled, the insurance company pays the premium.

So which do you want to be for your family...Steve or Phil?