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To: JDN who wrote (23087)	11/17/1999 10:30:00 AM
From: JavaGuy	Read Replies (1) \| Respond to of 64865

JDN, I've looked into insurance very recently. 10 YR term made sense for me. I figure I won't need any insurance after 10 years. Universal or Whole life that lasts forever is too expensive, and the benefit is not very great. But the agent gets a fat commish. -JG

To: JDN who wrote (23087)	11/17/1999 4:40:00 PM
From: Sonki	Read Replies (2) \| Respond to of 64865

JDN, purpose is to pay estate tax. it's 1100 30yr vs. 5.5k/yr life time. but they tell me on 5.5k yr, my heir get 8.x% compounded income and estate tax free. fore.g on 1 mil they get 3.x m . where as term will expire worthless cuz i m so young. anyway some math involved. they take diff between 5.5 and 1.1k per yr.. and show the diff calcuated at 8% rate. i m taking off to come to your state tonite... if u pm ur fax # i can send u this table... if u want to beat ur head w. it. i have one hour before i take off

To: JDN who wrote (23087)	11/17/1999 8:38:00 PM
From: silInv	Read Replies (2) \| Respond to of 64865

OTOTOT (term life vs VUL) >>>>>IF you are going to buy life insurance AT ALL term is the way to go. Have you heard about VUL which allows you to invest your money while taking advantage of the term benefit? I have recently trying to understand this more since there are 2 agents trying to sell me this. Does anybody have any opinion on VUL vs term life? My understanding is you pay money more than term life but the portion which covers the term life plus some percentage (5.5% to 8%) of your new money will be used to pay the fees and some kind of tax. There is also small amount of administration fee ($20+) per month. The rest will be used to invest in mutual fund(s). If you die, your beneficiary get all the insured amount plus the cash value or you take the money out at later stage. It is quite complicated to me and I just wonder if anyone have experience with this. TIA