If I can save 300 bucks per month, what is the minimum life Insurance I can have in a EIUL if I want it ...?
filled with the most money it can contain according to the TEFRA guidelines in five years?
Answers:
it depends on the amount of death benefit, your age and other costs of the policy.
You need to get someone to run a proposal (and every contract will be a little different).
Ask them to run a maximun non-mec proposal and a guideline premium proposal.
If you're asking what's the minimum amount of Death Benefit, that depends on the contract. I seen some UL's that allow for as little as 25K.