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| Right, not a scam. Not a very attractive investment either. And borrowing against your own equity is not a very compelling sales pitch to me. Contributing to a well diversified brokerage account with a mix of stocks and bonds of laddered duration and credit quality will almost always out perform over the long term. This is essentially what the insurance company is doing for you but skimming off the top to pay their agents and company employees. No reason to consider the short term as the whole point of this is looking long term. All that being said, I still think doing this is better than doing nothing else as it is a round about way of forced savings. | |
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Farming without the bank. Mary Jo irmen.
