“Set up a small cash reserve in a savings account. Place the extra cash-out into an Indexed Universal Life Insurance program making a non-taxable gain of about 8.27% with a 167 year old insurance company with 1.,59-1 asset to piolicy ratio.”
This sounds suspiciously familiar. I had a Prudential life insurance policy. They talked me into buying a second policy with the earnings of the first.
Churning I believe it was called. The class action settlement wasn’t very much.
This is investing equity from your house. You borrow at 4 and make 8. And you have death penalty. As far as I know (my wizard is out shopping) Prudential doens' sell that program.