| This month I started a new life insurance contract with Mutual of Omaha. This Universal Life works like an annuity. The accumulation value accumulates a guaranteed interest rate, and I get back whatever I paid in at the end of my term, and I still get to stay insured for my original benefit amount until I'm 100 (if I get that far).
My agent stated that this deal was so good, the company was about to discontinue it because they would be losing money on it. Of course I know how agents work so I'm sure there's more to it than that, but regardless it's an extra piece of the nest egg I'll have access to in my later years.
You'll see my accumulation in the annuities field. |