Undergoing a risk-tolerance test can help you build a financial profile that can serve you in the decision-making process. If the results of your test determine you’re a conservative saver or investor, make sure your 401(k) or IRA reflects your psychonomic characteristic of a conservative. Often a risk-tolerance test will result in a conservative profile, while your retirement plan has beta risk exposure unsuitable for you. Just as there are thousands of mutual funds and ETFs, there are thousands of cash-value life insurance policies. All financial products have current expense loads and differing historical performance. In there, the product inventory of participating whole life and current interest rate universal life, the consumer contenders are limited to a dozen insurance companies. Here are the basics on why you may want to look into these products. Participating Whole Life Insurance can be optimized to generate more than 5 percent with its base policy and no other riders. But a minimized base policy with a “paid-up additions rider” for excess contributions can generate 5.5 percent. Keep in mind the best in this category could be returning dividends (a combination of portfolio returns and unused premiums) north of those numbers. Dividends are not guaranteed,   Read more…