Universal Life vs. Whole Life for IBC
- Author
- Valerie LaRoque
- Published
- Thu 27 Apr 2023
- Episode Link
- https://sites.libsyn.com/452085/simple-mistake-left-woman-with-0-in-her-life-insurance-policy
One of my new clients woke up with $0 in her life insurance policy after 33 years of funding.
Worst part?
Her premium was about to increase 1,300%.
Yep, 1,300%!
I tell you this because if you don’t know any better, you can choose a life insurance policy that’s not optimal for your personal banking system.
Many people make this mistake when getting started in IBC.
But in today’s episode, you’ll discover how to avoid waking up with $0 in your life insurance policy.
Listen now!
Show Highlights Include:
- How to access 50% of the death benefit on your whole life insurance policy BEFORE you die with a “CR” (2:03)
- How to potentially de-risk investing in the S&P 500 (10:18)
- Why an IUL could leave you with $0 in your savings account by the time you retire (14:24)
- How these 2 types of life insurance policies legally puts all the risk of managing your money on you (17:22)
Reach out to me:
