IGNORE anyone who tells you to IGNORE anyone who tells you to buy whole life or universal life or variable universal life.

SUZIE is not a life insurance agent is she?

People like SUZIE make commissions on the recurring investments you make into mutual funds, stocks etc... YOU need to know the ins and outs of the various types of LIFE insurance and make your own informed decision.

SUZIE pontificates the old A.O Williams philosopy of buy term insurance and invest the rest.

You know that most people are not disciplined enough to invest the remainder. Which LIMRA shows most people don't because they are not disciplined enough in their sending habits.

SUZIE is disciplined, (of course she is a millionaire too which doesn't hurt) and that is what you have to have to make that strategy work.

Let me ask you a simple question. If you are 30 today and you buy a term life insurance policy for 30 years, and pay rent on your life insurance for the next 30 years, because basically that's what term is similar too, and at age 60 your policy ends, will you still want/need life insurance to provide a FEDERALLY TAX FREE benefit to your family if you die after 60?

Did you even know that a life insurance death benefit is NOT TAXED BY THE FEDERAL GOVERNMENT. Yeah but SUZIE doesn't talk much about that end of it does she?

What if you become ill along the way like have a heart attack, cancer, get adult onset diabetes , develop high blood pressure among a miriad of other things that would prevent you from getting more insurance after your term policy expires? Now what? Have you ever tried buying life insurance at age 60? Or at least ask what it would cost today if you were 60 plus years old. I think you'd be shocked.

SUZIE cannot guarantee her investment strategies will always make you money or enough to carry your family forward if you die to soon. And that's the conundrum of life insurance..you either die to soon or you live to long. Term life insurance is great becasue of its affordability and higher amounts of death benfits but it does not provide LIFE long insurance. Think you won't need it after your in your 70's or 80's or nowadays 90's? People are living a lot longer than they did 20 or 30 yers ago. We are seeing that in the insurance industry as a whole across the country.

Ask someone who recently lost an older family member. Maybe that person left them some money, maybe not. Ask them if they could have used an extra 100 or 200 or 500 thousand dollars upon that persons death. See what they say and then tell me life insurance is not important in your later years.

There are things you can do with a universal life policy that you cannot do with a 401k, IRA or a savings plan.

Did you ever hear SUZIE say.. 'Did you know the cash value built up in a life insurance policy cannot be taken by the IRS or if you are sued the other party cannot get your cash value.' And you never will either.

What if you had about 300 thousand in cash value and got sued or had a tax lein against you.

Did you know you can put more money in your universal policy than the premium. You can't do that with whole life or term. Why would I want to do that? Because it makes the cash value grow faster and in your later years you can "borrow" that cash value and use it without paying fedral income tax. Now that's not so if you SURRENDER your policy which means taking ALL the money out of it. If you do that then you create a taxable event. 'Borrowed" funds from your life insurance policy are not taxed because the govt. doesn't tax loans! If you never pay the loan back.. the insurance company simply reduces the death benefit by the amount of the loan left unpaid. But you won't hear SUZIE tell you that! There are many other things you can do with a life insurance policy besides just leaving the death benefit to your family and she never even scratches the surface.

Talk to a reputable life insurance person. Usually those with LUTCF and other designations have education equal to or better than an MBA in finance. Get the WHOLE story. Make up your own mind after you get all the information about the different types of life insurance and how the different types may meet your needs better than another type.