- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: My Whole Life Ins. situation and advice request
Posted on 8/3/22 at 10:37 am to LSUFanHouston
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
Posted on 8/3/22 at 10:59 am to Saint5446
I am 37 by the way and married with 4 kids. 2 years into this policy and the next 25k (3rd payment) is due in one week.
This post was edited on 8/3/22 at 11:01 am
Posted on 8/5/22 at 3:37 pm to Saint5446
quote:So even putting aside the ridiculousness of yours and the OPs policy, I'm really confused about this.
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.
Why wouldn't you just rollover your SOLO401k into an IRA?
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)