I just spent an hour listening to the GVUL webinar. Sorry if this post rambles. If something needs clarification I can try to answer, but best bet is to ask during an upcoming webinar.
Long story short is I’m leaning towards signing up for it, but probably not utilizing the invest portion of the GVUL.
Highlights:
Death benefit never changes
Lower taxable income
Optional to continue the plan after retirement or separation
2.5% fee on transactions when using the investment side
Investment side has a few options
Guaranteed fund account has return set each year. Currently at 4%. 2024 will most likely be set at 4% again. Its minimum is 1.5%. Not tied to any fund
Variable fund investments are in market options can go negative.
all investment cash is after tax
At retirement pilot can:
1) keep policy until age 100 by paying premiums out of pocket
2) take cash as a withdrawal
withdrawals are tax free up to cost basis (premiums + investment cash) Delta pays premiums.
3) Roll into annuity. Any account at MetLife or elsewhere
The GVUL has the optionally we all wish existed in the MBCBP. Can opt in/out each open enrollment period. Cash basis (tax free withdrawal amount) resets to 0 each time opt in from term.
Hope that helps someone.
Presenter said there’s a podcast coming 10/25