Re: help! friend peddling WFG and VUL's
Most if not all VUL or whole life policies are quite expensive in the first 5 years or so........as the costs of paying the agent (large) are amortized on a weighted basis in the first 5 years of the policy. If you looked at an average policy illustration, you would see that the cash value would not grow very fast, as any dividends are forfeited to pay the agent's commission.
Hopefully these are NOT being presented as an "investment"........if they are, those folks are in violation of NAIC and SEC laws, and could face severe penalties...........
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)