you cannot put all the money you want into a universal life policy. it causes it to MEC or become a modified endowment contract and will then be taxable by the IRS
agents will fight you to the death over MEC policies
individuals just dont understand it and arent willing to accept that they cant keep paying whatever they want
i say its because its not a saving account where you can hide away all the money you want.. its a life insurance policy
what i think i will start saying is this "at the rate you are paying, you will have paid more into the policy than it is worth".... How's that sound? yah.. i think thats good!!