Hi. I was talking to some friends the other night and one of them mentioned he has the possibility of investable life insurance. The life insurance is basically invested into mutual funds. You pay money to the company in question, and you can then get the mutual funds through them. Can you explain a but more about this?
Hi. What this is actually called is variable universal life insurance. And, to be honest, it is a bad idea to invest in this kind of fund. They basically serve the purpose of the guy who sells them - taking a huge commision on the sale. Besides, these funds don't really perform as well as the people who sell them say they will. They are pretty limited in their uses.
