Just want to make sure:

1. Have you bought a house yet? If not, do you have at least 10% down payment + closing cost ready?

2. Have you maximized your 401K + Roth IRA contribution?

3. If you have kids, do you have a 529 plan or Coverdell? If not, is that because it is not good for you?

I am not saying VUL is not good for you. VUL is not necessarily a bad investment vehicle. But it is a serious investment with long term commitment. So it makes sense to think it over. Good luck!

[此贴子已经被作者于2006-1-5 15:50:37编辑过]

I think VUL is suitable for those young and rich (every MM's dream ). For us, common sense should prevail. Take care of basic needs first: house, retirement, kids, and whatever you care. If you still have money to spare, you can spend it whichever way you want, including buying a VUL. Unfortunately, most of us don't have much left after those basics.

I am sure your insurance agent will give some arguments if you tell her to cancel. If you don't mind, can you post her arguments? I would really like to hear what they say.