Variable Universal Life Ins - 08/13/22
Let me prelude by saying...I know this is not a great vehicle for retirement, etc.
However, my employer uses it for what they offer in retirement. Getting a 3% match and 50% on the next 4% (5% total). I've worked for this employer now for 8 years. During this time period I've tried to suggest using another way... not going to happen. I thought perhaps I might leave for another job with different retirement options. But 8 years later I'm still here. Due to the employer match, I'm highly considering beginning a policy. Maybe I should have started sooner, maybe I'm an idiot for considering it.
Given the situation, would you begin a policy due to the employer match? I have term life insurance (30 year) and don't plan on canceling that. Just want to hear others thoughts on the matter.
However, my employer uses it for what they offer in retirement. Getting a 3% match and 50% on the next 4% (5% total). I've worked for this employer now for 8 years. During this time period I've tried to suggest using another way... not going to happen. I thought perhaps I might leave for another job with different retirement options. But 8 years later I'm still here. Due to the employer match, I'm highly considering beginning a policy. Maybe I should have started sooner, maybe I'm an idiot for considering it.
Given the situation, would you begin a policy due to the employer match? I have term life insurance (30 year) and don't plan on canceling that. Just want to hear others thoughts on the matter.