Re: Variable Life Insurance with guaranteed min 2% return
he calls it a life insurance policy that will allow him to pul 140k out per year for life tax free (after 65).....AND gives a 600k death benefit.
he has 2 kids; both financially independent and working
he has a wife who owns her own business; not overly successful but does make money
he does not have estate tax planning issues (his estate is not worth 2 million) (and; this is my father in law; not my uncle)
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