- 477
52 year old male non-smoker looking to stuff away about $5000/year into a policy to accumulate cash value to draw on in retirement. DB not a concern as I have other insurance in place for that.
I am looking for opinions (backed with reasoning) on whether a Par WL or IUL would work better for retirement income considering I'm looking at only (at most) 15 years of premium.
Yeah, I know, shoulda started sooner. I plan to have more to put away in the future but want to get something started now.
Thanks
Why would you even be considering life insurance for a savings vehicle when you don’t need the death benefit? In my 32 years I’ve NEVER had someone say sell me life insurance I need to save money. By any chance did an agent give you the idea?