Recent content by mikes2012

Thanks so much everyone for all of your feedback! To answer "FinanceDude's" response from above, these ARE all indeed RiverSource VULs... The "fees" AMP charges for these VULs are quite pathetic....so much out of your monthly payment for the VUL just "disappears" into the overhead....

Thanks everyone, so far I see no actual explanation of very early cancellation, regarding the Surrender Charge being greater than the account value. I only see mention about taking the SC. I would think you would have to be signing some fairly hefty legal documentation if an investment...

Hi All, just found this forum, looks awesome! Seems I too fell for the "here the greatest investment" strategy from an AMP FA, and just got into several VULs a couple months back... I'm now understanding the complexity of them, and have read through James H. Hunt's (consumerfed.org)...