Life Insurance experts/Leidos Employees help!!!!

[prince143]

I have recently opted for life Insurance from Group Universal Life this open enrollment from my employer

My policy allows me to make payments to Cash Accumulation Fund that earns you an interest rate of 4% minimum annual. 

Has anyone tried this before or currently making contributions? If so how much percentage of your paycheck do you contribute to this

Is this better than standard saving account that offers you only 0.01 % to 0.03 % interest?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[JustChilI_Mama]

29 minutes ago, prince143 said:

I have recently opted for life Insurance from Group Universal Life this open enrollment from my employer

My policy allows me to make payments to Cash Accumulation Fund that earns you an interest rate of 4% minimum annual. 

Has anyone tried this before or currently making contributions? If so how much percentage of your paycheck do you contribute to this

Is this better than standard saving account that offers you only 0.01 % to 0.03 % interest?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PK నా కొడుకులకి దూల తీరింది, సల్ల బడ్డారు బిడ్డలు 😂😂😂కుక్కలు బాగా మొరిగాయి, ఇప్పుడు మొరగండి రా పాకి కుక్కల్లరా🐶

#PAKVSAUS #T20WorldCup 

[JackSeal]

38 minutes ago, prince143 said:

I have recently opted for life Insurance from Group Universal Life this open enrollment from my employer

My policy allows me to make payments to Cash Accumulation Fund that earns you an interest rate of 4% minimum annual. 

Has anyone tried this before or currently making contributions? If so how much percentage of your paycheck do you contribute to this

Is this better than standard saving account that offers you only 0.01 % to 0.03 % interest?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I am using this … MetLife is offering same intrest for cash accumulation fund … with group universal life once you leave your employer cash accumulation fund balance can be used to pay premium until it depletes… basically it’s a good idea to invest in cash accumulation fund

my premium per pay check is 23$ and cash accumulation fund contribution is $100… in future if I don’t want to work the balance in my cash accumulation fund can be used to pay premiums for rest of life… 

[Lorry_Driver]

Slightly off topic, but my suggestion is to take life insurance from reputable providers outside of employer and lock it for 30 yrs.
If you go with employer the premium is not locked, and it will go up every year and jumps significantly at 5 yr intervals (25, 30, 35...)
You don't have to worry about it between the jobs. Employers normally give 2x salary free of cost anyway.

[anna_returns_1]

20 minutes ago, Lorry_Driver said:

Slightly off topic, but my suggestion is to take life insurance from reputable providers outside of employer and lock it for 30 yrs.
If you go with employer the premium is not locked, and it will go up every year and jumps significantly at 5 yr intervals (25, 30, 35...)
You don't have to worry about it between the jobs. Employers normally give 2x salary free of cost anyway.

any pointers bro?

[anna_returns_1]

20 minutes ago, Lorry_Driver said:

Slightly off topic, but my suggestion is to take life insurance from reputable providers outside of employer and lock it for 30 yrs.
If you go with employer the premium is not locked, and it will go up every year and jumps significantly at 5 yr intervals (25, 30, 35...)
You don't have to worry about it between the jobs. Employers normally give 2x salary free of cost anyway.

advantage with company with thats pretax dollars. 

[kittaya]

life insurance wihtout medical exams unnaya

[prince143]

1 hour ago, Lorry_Driver said:

Slightly off topic, but my suggestion is to take life insurance from reputable providers outside of employer and lock it for 30 yrs.
If you go with employer the premium is not locked, and it will go up every year and jumps significantly at 5 yr intervals (25, 30, 35...)
You don't have to worry about it between the jobs. Employers normally give 2x salary free of cost anyway.

@Lorry_Driver can you provide any good reputable providers?

 

I went with employer in an-opinion  that these are pre tax deductions but later came to know its after tax. Will the premiums be higher if I go with outside providers?

[prince143]

1 hour ago, anna_returns_1 said:

advantage with company with thats pretax dollars. 

i think these are after tax contributions

[anna_returns_1]

16 minutes ago, prince143 said:

i think these are after tax contributions

No Pre-tax if you are going through employer. 

[prince143]

3 minutes ago, anna_returns_1 said:

No Pre-tax if you are going through employer. 

Bro my employer is Leidos but my insurance policy is with Group Universal Life which I opted from my employer portal would this still be considered going through my employer?

[anna_returns_1]

1 minute ago, prince143 said:

Bro my employer is Leidos but my insurance policy is with Group Universal Life which I opted from my employer portal would this still be considered going through my employer?

Off course man

[prince143]

6 hours ago, JustChilI_Mama said:

 

PK నా కొడుకులకి దూల తీరింది, సల్ల బడ్డారు బిడ్డలు 😂😂😂కుక్కలు బాగా మొరిగాయి, ఇప్పుడు మొరగండి రా పాకి కుక్కల్లరా🐶

#PAKVSAUS #T20WorldCup 

Yesina thread ki reply ki sambandham yenti chill mama 

[JustChilI_Mama]

15 minutes ago, prince143 said:

Yesina thread ki reply ki sambandham yenti chill mama 

షూటింగ్ కోసం నిజంగా అంత మందికి గుండు కొట్టిచ్చినట్టున్నారు

[prince143]

8 hours ago, JackSeal said:

I am using this … MetLife is offering same intrest for cash accumulation fund … with group universal life once you leave your employer cash accumulation fund balance can be used to pay premium until it depletes… basically it’s a good idea to invest in cash accumulation fund

my premium per pay check is 23$ and cash accumulation fund contribution is $100… in future if I don’t want to work the balance in my cash accumulation fund can be used to pay premiums for rest of life… 

@JackSeal can you mention some life insurance providers where you can lock prices  as @Lorry_Driver mentioned and have a CAF account?