tag:blogger.com,1999:blog-10389870.post-3670966337898895522008-03-09T16:49:00.000-05:002008-03-10T17:40:01.991-05:00I enjoyed your very helpful columns about <a href="http://www.guardingyourwealth.net/insurance/insurance.htm">Universal Life insurance</a>, Jeff--thank you. I've had one of these policies ($200K Face value) for quite a few years. I knowingly opted to stay involved because health considerations may have made other life insurance unavailable. I also carry a similar amount of term insurance with increasing premiums, our family is grown, and our retirement is fairly well provided for. I'd appreciate any suggestions you're willing to offer.<br /><br />I'm now 60 years old, and would like to lose the $901 per quarter expense. I'm told that the current cost of insurance is $141.53 per month. The cash value is $29,712, $24K is available for withdrawal, and the loan value is about $23K (7.4% interest rate). I'm having a disclosure mailed to me; but, if I understand correctly, the policy does not have a "paid up insurance" value. Does that make sense?<br /><br />The insurer is Life Investors Insurance Company of America.Jeffrey D. Voudriehttp://www.blogger.com/profile/04021732952823891974noreply@blogger.com