TA: GVUL
11-26-2023 | 10:33 AM
#201
Back on Reserve
Joined: Dec 2012
Posts: 845
Likes: 28
glad to see others have the same thought process. By 55 I plan to be done needing term with my kids out of the house and college paid for and enough assets for my wife to be able to live the same lifestyle in perpetuity. For some, not the case. Had an illustration run for curioutisty, and running the math some taxes could be avoided, but capital gains in a brokerage, without a 2.5% load... I'll just say "ehh". I've made my decision at this point and will save on taxes either way.
The thing the GVUL gives ME is the reduction in imputed income. Period. I'll probably never use it as an investment vehicle, but the fact that the premiums are paid by DL and the imputed income at my age is MUCH lower on the GVUL, it's a no-brainer move for me. Keep the same contractual insurance coverage and save on imputed income...win, even without the investment side.
11-26-2023 | 10:42 AM
#202
Gets Weekends Off
Joined: May 2015
Posts: 7,292
Likes: 0
From: A350 Both
I'm with you; not looking for any additional insurance, and my investment strategy is fairly solid for my personal situation.
The thing the GVUL gives ME is the reduction in imputed income. Period. I'll probably never use it as an investment vehicle, but the fact that the premiums are paid by DL and the imputed income at my age is MUCH lower on the GVUL, it's a no-brainer move for me. Keep the same contractual insurance coverage and save on imputed income...win, even without the investment side.
The thing the GVUL gives ME is the reduction in imputed income. Period. I'll probably never use it as an investment vehicle, but the fact that the premiums are paid by DL and the imputed income at my age is MUCH lower on the GVUL, it's a no-brainer move for me. Keep the same contractual insurance coverage and save on imputed income...win, even without the investment side.
