CompoundInterestFan
Recycles dryer sheets
- Joined
- Jan 20, 2007
- Messages
- 222
I was reading in another thread about how VULs are such bad investment vehicles when I remembered that I own one. It was something my mother setup for me many years ago, and I just continued to pay the premiums because I really knew nothing about it. After doing some cursory research I've learned enough to know that I probably shouldn't invest another dime in it since I haven't maxed out my 401k yet. So, is the best plan to just let it lapse? The premium isn't tremendously high (about $30/month), not high enough for me to want to learn the intricacies of how VULs work, so I wouldn't be heartbroken if I walked away from it.
Suggestions?
Suggestions?