| A VUL works great when they are maximum funded.
They are worthless when they are minimum funded
If the “advisor” is pushing you to do anything less than the maximum contribution - that should be telling of his quality of advice and intentions.
| but have my accident, life and health producer license.
It's kind of my opinion that anything other than term life for the unexpected is the only real policy worth it, and that any of the "investment" policies aren't great shakes.
Basically, other investments will offer far better returns with only slightly more risk. IRA, real estate, dividend stocks, etc.
| Who is the issuing company?
How much is the death benefit?
Is it a level or increasing benefit?
Have you gotten an inforce illustration?...Get one.
What is her underwriting class....most likely she was classified as a smoker, that is how most companies handle a minor.
Small premium.....these policies are designed to work efficiently when the premium is paid to maximum allowable level.
If you are not prepared or want to do this, your long term performance will not be desireable.
You would be better off cancelling and putting the money elsewhere.