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- Joined
- Oct 6, 2006
- Messages
- 160
A bunch of yrs ago when I had little money, I was talked int getting a 50K Variable Universal Life Policy. I have been putting about 50 bucks a month into this thing and now there is a cash out value of almost 5K.
I can always deposit more money to it on top of the 50 bucks monthly
It is invested in Cap App, SP 500, Small Cap and World Growth. I think after all the fees that only 17 dollars and change is actually going to the investment.
My questions are:
Should I keep this policy as a long term savings and just add more money too it?
Cash it out and roll it over to an IRA or some other funds?
PS I just recently got a 500K term policy
I can always deposit more money to it on top of the 50 bucks monthly
It is invested in Cap App, SP 500, Small Cap and World Growth. I think after all the fees that only 17 dollars and change is actually going to the investment.
My questions are:
Should I keep this policy as a long term savings and just add more money too it?
Cash it out and roll it over to an IRA or some other funds?
PS I just recently got a 500K term policy
