Our Universal Whole Life company has been sold several times. I believe that is what happens since we are dealing with investments in Whole Life. Same thing has happened with a non-investment form of Whole Life policy with a different company.
We simply received a notice of new ownership and the policies stay the same.
We investigated cashing out, but at 5%, this is our best investment vehicle at the moment. We can also borrow from ourselves at 8% w/o affecting the death benefit.
I will pass the info on and also ask if he has received anything from anyone in the mail. He’s not very organized and is easily overwhelmed. Thanks so much for your response.