Author Topic: IRAs and insurance policies - tied together?  (Read 1219 times)


  • 5 O'Clock Shadow
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  • Posts: 6
IRAs and insurance policies - tied together?
« on: January 19, 2016, 08:35:26 PM »
Hello all - my husband and I have been on a steep learning curve about FI and saving/investing. We are about ready to pull the trigger on transferring our existing rollover and SEP IRAs from a high-fee, actively managed environment to Vanguard. One concern: our "wealth manager" (who collected almost $4K in fees from us last year!!) was also the broker that sold us our term life insurance policies, and my long term disability policy (I am self employed). If we move our retirement accounts away from him, does that somehow put our insurance policies in jeopardy? Are they "linked" in some way, or totally separate? I believe that once the policies were put in place, the relationship is between us and the insurance companies, rather than using the broker as a middle man, but I want to be sure. I am assuming his feathers may be ruffled when we pull our accounts from him, and I don't want our insurance policies to be vulnerable in some way. Thanks for any insight!!


  • Stubble
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  • Posts: 225
  • Age: 46
  • Location: Destin, FL
Re: IRAs and insurance policies - tied together?
« Reply #1 on: January 19, 2016, 10:00:20 PM »
I know this doesn't answer the question, but have you looked at other term life policies? Your current policy should not be tied to the agent. You are not obligated to continue the policy for the length of the term.


  • Pencil Stache
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  • Location: Texas
    • Needs More Glitter
Re: IRAs and insurance policies - tied together?
« Reply #2 on: January 19, 2016, 10:01:58 PM »
They shouldn't be, but you can always call up the insurance company (not the broker) and ask about the details.