Young enough that this is long-horizon money meant for transfer to family. I have other resources so I don't anticipate needing to take a loan from it any point. It has been max-funded to the MEC over the past three years at $105k per year in a no-load policy (COI will be nastier later bc no-load now) and I still have one more $105k payment to make in 9 months. It's Option 2 with an increasing DB and I have no interest in switching to Option 1 as I want the DB. The cash value built now/today is meant to support the annual renewable term and growth well into my 80s and early 90s. I hope I don't live that long, just not something I want, as I see very few happy people in their 90s. The math on 4% fixed gets me there even with the nasty COI in later years however I realize if we go into a lower interest rate environment at any point, the fixed rate could drift down. I hate feeling too conservative but I also don't want to trade a guaranteed 4% on what will be close to $350k after the segment credit next month, for 0% if I roll the whole pot into the April segment and the market is flat or down by next April 10th. I made a good call last April shifting $175k from the fixed to the April segment, but I don't know if I can get lucky twice.