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Posted on 8/3/22 at 10:37 am to LSUFanHouston
Surrender charge diminishes over the course of 10 years. Was told this was a good way to go because I own two companies, one of which I had a SOLO401k with that had to be closed when I sold 49% of the company to a new partner. The SOLO401k was moved to an annuity.
For the second company, we went with the Variable Universal Life so I could use that as an alternative investment vehicle to setting up a company 401k. Some of the details elude me now. Looks like I either have to eat a large loss or stick with it for a while?
For the second company, we went with the Variable Universal Life so I could use that as an alternative investment vehicle to setting up a company 401k. Some of the details elude me now. Looks like I either have to eat a large loss or stick with it for a while?
This post was edited on 8/3/22 at 10:57 am
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