Originally Posted by
Puddytatt
Is there the ability to opt back in to the company Term plan if the tax laws change and the imputed values switch? I'm assuming you could cash out any savings you have it in, without tax penalty up to the basis tax-free and then switch?
Yes. You can choose between the existing Term plan and the GVUL plan every year during open enrollment. And yes, you can cash out tax free up to the cost basis.