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Thursday, November 11, 2004
Your Money: Review Universal Life insurance policies as retirement approache By Michael Baron, Great Plains Diversified Services Inc., Bismarck, N.D. Dear Michael: We had purchased a Universal Variable Life back in the 1990s to provide funds to our non-farming children. However, over the past four years, we've noticed the value on these contracts keeps dropping off quite a bit and we're a little worried about the future. What should we be doing? - Variably Confused. Dear Variably: A great many life insurance contracts were sold in the 1990s that looked fantastic considering the stock returns of the decade. It was almost impossible to not make money during this decade. However, since 2001, the market is down about 18 percent using the S&P 500 as a marker Read Full Story |
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