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Okay - I know the term/universal thing has been beaten to death, but I have a question.
We have universal. I'm not pleased with the decision, but it sounded great at the time. The big appeal for it was the fact that after a certain income limit ($160K, I think), you can no longer contribute to a Roth. Speaking strictly as a retirement vehicle, do you think that contributing to the Universal plan is better than a traditional IRA?
We make our max contributions to our Roths, and my husband has earned a nice chunk on his 401(k) - he got a sweet deal from his former employer ($/$ up to 3%). The only caveat with the 401K is that he can't contribute to it now. He changed jobs, but still works contract for his former employer. Because of the contract position, he doesn't get the $/$ deal, and he can't put it into a rollover. Even if he could roll it over, his new emplyer doesn't offer any matching at all.
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