I need help Tracking "Whole" Life Insurance

[Karl Schmitt]

I have set up a monthly automated payment out of checking for my "Whole
Life" insurance policy. It is an asset because it has a cash value. How
can I create an account to show and track this? What sort of account?
How should I handle this?

Thanks,

Karl

[Bluesgorilla]

Set up an asset account called Life Ins (or whatever). When you make a
payment use the [Life Ins] category and transfer whatever part of the
payment goes to the cash value of the policy to the asset account

Karl Schmitt <it...@optonline.net> wrote in message
news:3A8F6792...@optonline.net...