Not Your Average Financial Podcast™

Not Your Average Financial Podcast™


Episode 305: The Reduced Paid Up Strategy

July 07, 2023

In this episode, we ask:


  • What is better than a five star review?
  • Who needs to hear this?
  • Would you like a FREE book? Email us at hello@nyafinancialpodcast.com!
  • What about the Apollo missions?
  • When will premiums come to an end?
  • Would you like to hear Episode 293?
  • What about the contractual obligation of the life insurance company?
  • What is a maturity date?
  • What limits exist?
  • What about age 121?
  • What about actuarial math?
  • What about when the cash value matches the death benefit?
  • How is term insurance different?
  • What about an example with old fashioned whole life insurance?
  • Should I surrender a policy?
  • …Do you feel lucky?
  • Would you rather…?
  • What about an example with Bank on Yourself® type whole life insurance?
  • What is growing?
  • How do PUAs change everything?
  • What is ever increasing…?
  • What are the implications?
  • What else in the financial universe works this way?
  • What about algae?
  • What about the explosion of a supernova?
  • What did Albert Einstein say?
  • How is guaranteed growth possible?
  • Would you like to listen to Episode 197?
  • Are you forced to pay premiums forever?
  • What if you can’t pay the premiums?
  • Would you like to hear Episode 203?
  • What is reduced paid up (RPU)?
  • How does this work?
  • What are the trade offs?
  • How do different products work?
  • How about an example?
  • What continues to grow, even after he stops paying premiums?
  • What happens if he is still alive at age 121?
  • What about funding a policy for only 10 years?
  • What about retiring at age 70?
  • What about reduce paying up at age 71?
  • What will happen to the policy?
  • What will the actuarial math do?
  • What happens to the cash value?
  • How can the cash value continue to increase after RPU?
  • Who can RPU? What are the rules?
  • What about another example?
  • Does this work with lump sums?
  • What about a lifetime of tax free access to the cash?
  • What happens if one reduce pays up after a policy loan gets out of hand?
  • What about paying down a policy loan with cash flow freed up from RPU?
  • What about the restrictions on universal life contracts?
  • When will premiums need to stop?
  • Can expenses ever stop?
  • What are some of the other considerations of RPU?
  • Would you like to meet with Mark?