<prompt> Human: As the title says I spoke with a financial advisor about TransAmericas Financial Foundation Index Universal Life account yesterday and wanted to know if any of you have had experience with this sort of service. She told me that the plan is basically life insurance plus cash accumulation. I would pay about 300 per month, 100 of which would contribute to life insurance, the remainder to cash accumulation. She said that the cash accumulation utilises funds that track the SP, Hang Sang Index, and European markets. There is a floor of 0.75 and a cap of 15 on earnings. She also mentioned that everything is tax free, including gains on the principle. Additionally, she said that the money is safe in the even of being sued or if the account was established prior to marriage from divorce. She also said that this is how the rich people are putting away their money and its the one of the most popular products out there right now.What do you guys think of this account? My first instinct is that this is too good to be true and that there has to be something that Im missing. Hopefully you guys can shine a light on it!  <response>: Transamerica is the devil, and the folks who sell the products are sometimes evil but generally just clueless. You need to get out of this dark world, educate yourself, invest in term life insurance if you have dependents, and use low fee index funds for investing. 