Managed investments are alright!

Managed investments are alright!

Why did you get that VUL? They are inefficient! Just buy Term Insurance and invest the difference!“. This was me years ago after I found out that a friend just purchased a Variable Universal Life Insurance from a big insurance company. I then went on a tirade about the insurance fees, agent commission, and managed fund expenses. I continued on about why it is a bad idea to mix insurance and investments.

Was I trying to help? My intentions were good: I wanted my friend to have the best insurance and investment set up. Paying unnecessary fees is a big no-no from my perspective. read more