George, I can see where that would be attractive under some circumstances. The biggest downside is you lose the liquidity of your money.
As for the return on your investment, you don't give enough information to calculate the rate of return, namely how long ago you bought the policy. Certainly the actuaries at the insurance company have figured it out so they're going to make money in the long run, even if they lose money on your particular policy. I assume the benefit must vary depending on how long you live, just as my universal life policy pays nothing if I make it to 62.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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