I was sold a nationwide VUL 13 years ago. There is no surrender fee. I have about 130k in it. Last year I reduced my monthly premiums to $300, because this thing is so complex I can’t understand it. I have read the entire policy, the illustration, the statements. Read the threads on this forum and WCI about VULs.
I’m 45, and healthy. Divorced with one teenage child. I was thinking of keeping it and never touching the funds just leaving it in the trust for my teen. Also have read about converting it into an annuity.
I’m in the process of firing my FA (same one who sold me the policy). Just trying to figure out what to do with this VUL.
Hoping someone can help me evaluate it. Happy to post or DM any of the documents with my personal i formation omitted.
I’m 45, and healthy. Divorced with one teenage child. I was thinking of keeping it and never touching the funds just leaving it in the trust for my teen. Also have read about converting it into an annuity.
I’m in the process of firing my FA (same one who sold me the policy). Just trying to figure out what to do with this VUL.
Hoping someone can help me evaluate it. Happy to post or DM any of the documents with my personal i formation omitted.
Statistics: Posted by Michelle2024 — Tue Jun 04, 2024 3:14 pm — Replies 9 — Views 346