Originally Posted by
Planetrain
You have to dig with MetLife to get fee details. The investment options, while no “front commission”, had annual expenses of 0.40-0.88% (from the few I saw) on top of the 2.25% initial deposit fee and withdrawal fee and other fees. Sadly the fees really eat up the tax savings when I ran my own numbers for a long term investment.
Good to know. I looked around but couldn't find the actual investments either. Definitely a piece of the puzzle. I'm a low cost index kinda investor so the fees will for sure be something that I take into consideration before putting much in there.
My calculation shows a current estimate of ~$40k in premiums paid in my remaining career. I figure that gives me plenty of time to do a full evaluation on if this new, additional, investment vehicle makes sense. Combined with the 401k, the after-tax (and Mega back door) option, MBCBP, HSA, FSA, and IRA options this is just another tool in the toolbox.
I'm with you guys though. They don't all have to be home runs. I'm happy with the RBI double. The life insurance portion is a no-brainer. Investment side, jury is still out. I'm good with that.