[ashley w]

I have a 401k/ Not married, no children, but my advisor says it is wise to invest in a variable universal life policy while I am young (the premiums are lower) so it builds cash value to aid in retirement plus I will have the death benefit for later on when I am married and have kids. Susie Orman thinks this is a bad idea and that 401ks and Roth IRAs are the way to go. Other people think differently. I am confused on what to do and wonder if people who have actually signed up for a Variable Universal Life policy have actually seen the cash value results when they have retired. My illustration shows about $600,000 cash value when I am 70- that is with a 12% return. I am wondering if I should go with this policy or use the $200/month it would cost to fund this and invest it in a Roth IRA instead or put more towards my 401k. Any serious advice would help!

[Feathery]

You might consider investing in both. I would suggest talking to a specialist at your bank, or your accountant.

[DeniseK]

If I were you, I would rather choose to invest on Roth IRA. It doesn't only help you when your retirement comes, it can also be a great source of budget when unexpected things arise. But Feathery also got a point here, Variable Universal Life Insurance Policy can be a wise investment also so you can consider filing for both.

[pathialen]

Rather than investing on a single it is better that you should invest on both IRa and variable life insurance. Both will benefit you in future. And your future will be safe.