Originally Posted by
FangsF15
The difference is “imputed income”, on which the IRS makes you pay income tax as if it were earned income. The GVUL’s imputed tax is significantly lower, especially as you get older. At 32% or maybe 35%, that’s potentially thousand(s) of dollars a year in tax savings.
If for no other reason than that, GVUL is worth opting into.
And to clarify, the 2500 x Top captain rate does NOT change at all? Literally just imputed income changes? (Looking only at the life insurance aspect).