gaken1960, thank you for creating a new discussion thread! We appreciate and enjoy your participation in the MyRetirement.org online community and look forward to your future contributions.
"And at least the premiums will never rise."
Be very careful about this. Insurance companies cannot raise your individual policy premium, but the can raise the premium of entire groups. That is to say, if interest rates are lower than they predicted when they issued the policy, they can apply to the State in which you live to raise everybody's insurance premium. Either that or they reduce the earnings/dividends/whatever such that your cash value/insurance coverage can decrease. Ask these questions specifically and read the contract details so that you know what to expect.
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