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From: djvh@drutx.UUCP (VanHandelDJ)
Newsgroups: net.invest
Subject: RE: Universal Life
Message-ID: <2444@drutx.UUCP>
Date: Tue, 9-Apr-85 11:00:50 EST
Article-I.D.: drutx.2444
Posted: Tue Apr  9 11:00:50 1985
Date-Received: Wed, 10-Apr-85 05:35:50 EST
Organization: AT&T Information Systems Laboratories, Denver
Lines: 21

> 
> I would be VERY interested in how the Government views Universal life.
> As it appears, others seem to have knowledge of this.  Comments??
>

The government recently changed the laws governing Universal Life.  The
tax advantages were so good that U-Life was being used as an investment.

- Changes were made on the minimum insurance corridors
- Taxes on withdrawals were changed to tax first money withdrawn.

These changes, I believe, were enforced at the New Year, 1985.


	Why do people believe that Whole Life is more permanent than
Term.  You can get 30-Year level Term, Decreasing Term to Age 100, and
on and on.  You do not need Life Insurance after retirement (in most cases)
anyway.  What would you be protecting against?


Dave Van Handel