Not Your Average Financial Podcast™
Episode 305: The Reduced Paid Up Strategy
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?