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Technology Stocks : All About Sun Microsystems

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To: Sonki who wrote (23411)	11/28/1999 8:28:00 AM
From: nihil	Read Replies (1) of 64865

Look at variable universal life. You deposit first year premium, and invest in mutual funds and have a large face value. Each quarter the cost of your term insurance is debited to your account and any earnings on your funds are credited. If you are a clever investor (say a tech fund) you earn more than your insurance cost and don't have to pay a premium as long as the cash value stays above the level prescribed for your age. You or your beneficiary pays no income tax on the proceeds. It's like a Roth IRA with insurance coverage and no income limits. Best thing in the world for people who can pass an insurance exam. I haven't paid a premium in years. If you sign up for the additional insurance option, successful investing lets you increase your coverage. The value of my investment is too high, so I will have to withdraw something or it would be excessive (I don't have the additional insurance option -- I was 62 when I bought this policy). Your mileage may vary, but look into it and seek a policy with modest administrative costs. Tell these agents who are woofing you to send you proposals for a standard amount and for different assumed rates of return on your investments (e.g. 6%, 12%, 20%).

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