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If you're going to use a small-cap index like the Russell 2000, you might want to pause and think about why a good index fund company, like Vanguard, doesn't have any kind of funds that follow it. The factor is since it's a poor index. In addition to that changing your whole plan from one index to another is hardly what I would call "rebalancing - indexed universal life insurance policy." Cash value life insurance policy isn't an appealing possession class.
I have not also attended to the straw guy below yet, and that is the truth that it is reasonably rare that you really have to pay either tax obligations or substantial payments to rebalance anyway. Many intelligent investors rebalance as much as possible in their tax-protected accounts.
And of program, nobody ought to be buying crammed common funds, ever before. It's really also poor that IULs do not function.
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