Author Topic: GUL cash fund?  (Read 2341 times)

iwasjustwondering

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GUL cash fund?
« on: May 24, 2016, 06:53:34 PM »
I just started a new job, and one of the benefits options is a Group Universal Life cash fund. Basically, if you open a GUL policy through work (which I am doing), you can stash money into this account, which is guaranteed to grow above 3 percent, tax on interest deferred until you withdraw it (which you can do at any time).  I am wondering where's the rub?  I am saving my $18k in 401k and putting $15k into each kid's 529, so this is in addition to that.

Are these plans a good idea?

tarheeldan

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