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re: Emergency Fund
Posted on 3/20/14 at 6:28 pm to GoCrazyAuburn
Posted on 3/20/14 at 6:28 pm to GoCrazyAuburn
What about using a Universal Life policy? I have a policy about ten years old with some cash in it right now. Would that make a good place to put some money as opposed to a savings account?
1
Posted on 3/21/14 at 12:28 am to BurlesonCountyAg
For an emergency fund? I'd not suggest that. I'm not a huge fan of universal life as it is, but if you have the cash value already built up, yes it could serve as an okay emergency fund i guess.
I just have a lot of issues with the structure of many universal life policies.
I just have a lot of issues with the structure of many universal life policies.
This post was edited on 3/21/14 at 12:28 am
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