Universal Life

Dear Mr. Tan,

What is your opinion on the use of "universal lifeinsurance" as a retirement tool. It is highly recommended if the objectives of retirement is to be able to maintain a comfortable lifestyle during retirement and to also preserve wealth to pass it on. Let me have your comments. Thanks



REPLY

Universal life in a life insurance product. It is likely to have high charges taken away from your savings to pay commisison to the agent. You should ask the agent about the charges.



You can read about the charges on investment-linked plan from this FAQ

http://www.tankinlian.com/faq/ilp.html A universal life policy is likely to have similar charges.