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Old 11-13-2005, 12:56 PM   #10 (permalink)
Astrocloud
Apocalypse Nerd
 
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An overfunded VUL is exactly what you should get.

#1 You are locking in an enviable health rating at a young age.
#2 The money you put aside grows tax deferred until you pull it out. Even then -you can get exactly the amount that you've put into it without paying taxes.
#3 Often these come with investment options that are not freely available elsewhere ie. closed ended mutual funds.

Here's a link for a more robust definition.

http://www.answers.com/topic/variabl...life-insurance
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