Hi everyone, I’m 32 and recently spoke with an agent from Transamerica about opening an indexed account (Indexed Universal Life policy). I’m trying to understand whether this is actually a good financial move or if I should be cautious. Here are the details they proposed: $400/month premium $500,000 life insurance coverage Option to add a lump sum later (I’m considering adding about $20,000 in the future) The cash value would grow based on an index like the S&P 500, with a floor so it supposedly doesn’t lose money when the market goes down. My salary is under $60k per year, so I want to make sure this isn’t too aggressive or unnecessary for my situation. My main questions: Do people generally have good experiences with these indexed policies? Are the fees or caps usually a problem in the long run? Is $400/month reasonable for someone at my income level? Would it make more sense to just buy term life insurance and invest the difference? I’m not very experienced with insurance-based investments, so I’d really appreciate hearing from anyone who has one of these policies or understands how they work. Thanks in advance for any advice!