Not Your Average Financial Podcast™
Episode 222: Four Ways to Make Your Cash Value Grow Faster
In this episode, we ask:
- When will your cash value equal your death benefit?
- What about an increase of cash?
- Do you intend to make it to 121 years old?
- What four ways can you accelerate your cash accumulation?
- What about interest rates?
- What about stock market performance?
- Is it boring?
What is the first way?
- What about a Limited Pay Whole Life policy?
- What about paying to a certain age?
- What about paying a limited number of premium payments?
- What about a single premium payment?
- What does this allow the policy to do?
- What about a 10-Pay or 20-Pay?
- What about paying premium to age 65 or age 100?
- What about the time value of money?
- What about the lack of flexibility?
- What can be a great source of liquidity?
- What is the second way?
- What about a paid up additions rider or PUA rider?
- What about a flexible paid up additions rider?
- What about an old fashioned whole life insurance policy
- What happens when you add a PUA rider, even without extra premium dollars?
- Is underwriting necessary for PUAs?
- What do you call money when it goes into a bank account?
- What do you call money when it goes into a 401(k)?
- What do you call money when it goes into a whole life insurance policy?
- What does premium buy?
- What is the most efficient type of insurance you can buy?
- What about an example?
- What if you want to add additional premiums to increase your cash value?
- What are the limits to PUAs?
- How much can you stack onto your base premium?
- What about an example?
- What capacity will you decide upon?
- What happens when your buckets are full?
- How does the insurance company limit you?
- How does the IRS limit you?
- What about a paid up additions rider or PUA rider?
- What is the third way?
- What about blending whole life insurance with a term insurance rider?
- What is the combination?
- What about blending whole life insurance with a term insurance rider?
- What is the fourth way?
- What about an existing policy that isn’t efficient?
- What can you do about a whole life policy that is underperforming?
- What is a 1035 exchange?
- What can you do about a Variable Universal Life policy?
- What about a tax free transfer of values?
- What about an annuity?
- What about accelerated death benefit rider?
- What about an example?
- What about an existing policy that isn’t efficient?
- What about a bonus way to grow your cash?
- What about dividends?
- How might one purchase PUAs with dividends?
- Do PUAs become permanent insurance?
- What about dividends?
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