Trying to move UL life policy balance out of banking balances

misterbear

We have two Universal Life policies with substantial balances that show up in banking as checking balances. This is highly misleading in my view. When I try to move move them under "account intent" I get the message "Quicken can not move this account. It is already linked to an investment account, and these transactions are included in investment calculations. You can either keep this account under the Cash Flow Center tab or close out the linked checking account." If I close out the linked checking account will I lose all of the account history? These policies have nothing to do with banking and never have. I don't know why it is there and how I can move it to a more appropriate group such as investment, retirement or asset. I would like the shown banking total to a much more realistic number. Any assistance would be much appreciated. I use Quicken Classic for Windows R64.30 Thank you.

NotACPA

Are those UL policies recorded in Q as investments, in an investment type account, or what?

Because "linked to an investment account" and being shown in your banking balances are statements that contradict each other … because in the "Account Bar", to the side of your registers, there are separate areas for "Banking" and "Investing".

So, where exactly are you seeing what you're reporting? A graphic (.JPG or PNG formats preferred) would help.