We don’t think we lose more in the transaction costs they we would on other types of investments and we can borrow against this with no tax penalty if needed for college expenses or if the wife’s parents need special care. Plus it does have the death benefit.

Most people don’t consider what will happen when the “WITHDRAW” the money upon retirement. Many, if they save well, will be in even higher tax brackets when they retire with no deductions. They have no idea that they will have “mandatory distribution requirements” from their 401k which will then get taxed at, probably, a higher rate. (If a company matches 1 to 1 to your 401k, then that’s fine but any other scenario I’d analyze real carefully what will happen with you withdraw the money upon retirement.)

Here’s the picture. If you are a farmer would you rather pay a 30% tax on a bag of seed that costs $100 or a 30% tax on the crop that is worth $100,000. $30 vs $30,000? Investing money Pre-Tax in a 401k is like paying money on the seed.

We have a chart somewhere that shows how when we retire on this fund we pull out/borrow out about $140k per year in non-taxable income paid off by the death benefit with the rest going to kids. The same accumulation of funds in another investment vehicle would give us less per month because of the taxes we’d pay. Like $90k AND worse the amount accumulated would run out – in some cases too quickly – picture a downslope whereas our EIUL would keep paying until we die….

..or until the Singularity occurs and we can become robots and occasionally need a new box and hard-drive.

really like the website redesign! clean and easy to use!

tell me how you get the “your are here” at the top of the page, that should help a few folks that get lost.

jeffrey