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Originally Posted by tennisguru
(Post 3723688)
I don’t think there is any cash accrual from company paid premiums in the GVUL. Any money you put in that is extra is yours and does not count against the death benefit. The only positive to the investing option is the company paid premiums count towards the cost basis of your investment money.
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Originally Posted by JamesBond
(Post 3723701)
Thanks. Do you know if the "investments" count toward the death benefit like a cash accrual would?
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Originally Posted by tennisguru
(Post 3723703)
No the investment side is completely separate from the death benefit.
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Originally Posted by tennisguru
(Post 3723688)
The only positive to the investing option is the company paid premiums count towards the cost basis of your investment money.
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I switched to GVUL and it said I’d get an email but no email almost a week later. Did I miss something or is that normal?
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Originally Posted by tcco94
(Post 3724532)
I switched to GVUL and it said I’d get an email but no email almost a week later. Did I miss something or is that normal?
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Originally Posted by RJ Moose
(Post 3724534)
If I remember the podcast correctly, it said o/a 27 Nov, so Monday after Turkey Day.
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Just to make sure I don't accidently cancel the $1.1m insurance. If you are switching to GVUL, you're OE should show signing up for the $50k policy, and then no amount under the GVUL one? Assuming that might be an option during step 2, which I don't want to do there either, but just seemed slightly confusing to me.
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Originally Posted by Wolf424
(Post 3724536)
Correct. There’s an announcement on Deltanet confirming the 27th
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Originally Posted by Puddytatt
(Post 3724555)
Just to make sure I don't accidently cancel the $1.1m insurance. If you are switching to GVUL, your OE should show signing up for the $50k policy, and then no amount under the GVUL one? Assuming that might be an option during step 2, which I don't want to do there either, but just seemed slightly confusing to me.
Delta is still providing 50K of life insurance (the max I believe it can offer as a benefit without imputed income). The GVUL policy is separate through MetLife. On the 27th, we will receive instructions on how to sign up for GVUL as well as the level of coverage you are requesting. **If you fail to complete that second step of the GVUL, you WILL NOT lose your full 1.1M coverage.** It will just revert back to the current plan and you’ll have to wait until next open enrollment. |
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