Episode 203: What If I Can’t Pay the Premiums?

In this episode, we ask: When did you start something really big? What are the options? What is the myth? What are the strategies? How is whole life insurance like a mortgage? What about bills? How is whole life insurance like real estate? What about savings? How can this benefit you in good times? What happens...

In this episode, we ask:

When did you start something really big?
What are the options?
What is the myth?
What are the strategies?
How is whole life insurance like a mortgage?
What about bills?
How is whole life insurance like real estate?
What about savings?
How can this benefit you in good times?
What happens if… ?
What if you hit hard times?
Are you able to lower your premium payment?
How is that possible?
What about the paid up additions?
Are paid up additions considered optional?
What about “catching up”?
What about annual premium?
What if the business falls on hard times?
What are the minimums?
What are the smaller monthly possibilities?
What about a premium offset?
What about surrounding Paid-Up Additions (PUAs) to pay premium?
What about the death benefit dropping?
How does one pay the premium with a policy loan?
What is the key difference between loans and surrender?
What about an automatic loan provision to pay premium?
Would you like to work on your situation with us? Schedule
What about dividends?
What are the dividend options?
What about the dividends paying premiums?
What are the nuances?
What about the reduced paid up option?
What are the benefits? What are the risks?
What happens to a reduced paid up (RPU) policy?
What about the irreversibility of RPU?
What about surrender and cashing out the policy?
Why is this technically possible?
What are the risks?
Why would people choose RPU instead?
What about a permanent policy?
What about buying extended term insurance?
What about an example?
What about limited pay policies?
What are the benefits?
What are some examples?
What about shorter premium payments?
What about longer premium payments?
What about the option to add money in the future?
Are you ready for rainy days?