Universal life insurance policies were sold in the 80's and 90's to wealthy customers for the tax benefits. The premium covered the death benefit and what's left over grows tax-deferred. Whats not to like?  

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Well, back then, the excess earnings were hitting anywhere from 6% to 12% interest. Nowadays, with Federal Reserve Chairman Ben Bernanke keeping the interest rates low since 2008, it’s been more like 3%–or 4%. This is an estate planning variable that is going to surprise some folks.

Forbes staff member Ashlea Ebeling wrote an excellent article on this subject on the Forbes website.  Click here to read it in its entirety. [Don't be afraid of the ads that sometimes pop up when you enter the Forbes site, just close them and you'll immediately see the article].

Looking for a great estate planning, trusts and probate attorney?  Have questions regarding universal life insurance policies?  Contact us.  We can help

-The Estate Planning Team
  Rogers, Sheffield & Campbell, LLP 

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