Episode 93: [Great Problems] Can I Put A Lump Sum into A Policy? Part 2

In this episode, we ask: Do you have giant piles of cash? What are the six circumstances? Did you listen to Part 1, Episode 92? What is the answer to last episodes cliffhanger, the third unique way? What is a single premium policy that allows you to add more money after the initial premium? What...

In this episode, we ask:

Do you have giant piles of cash?
What are the six circumstances?
Did you listen to Part 1, Episode 92?
What is the answer to last episodes cliffhanger, the third unique way?
What is a single premium policy that allows you to add more money after the initial premium?
What if you’re dealing with a one time lump sum?
What do traditionally designed single premium whole life insurance policies allow?
What is a hybrid example?
How are Bank on Yourself authorized advisors influencing the insurance industry?
What did the insurance companies ask?
What happened?
What are the situations where using a Bank on Yourself policy for a lump sum makes sense?
Are you interested in a capital fund for real estate or business?
Do you need a holding place for future lump sums?
Do you have a need to pay for college?
What is a combo rider and how does it work?
What does a combo rider do?
Would you like the flexibility to put in a lump sum at irregular intervals?
What is the house analogy?
What is ART or Annual Renewable Term?
What is an ART rider?
How does the combo rider behave like universal life (UL)?
How is the risk much lower with a combo rider vs. a risky UL?
How can you get rid of the term rider within a combo rider?
What happens when you move the term rider into permanent insurance?
What happens when you know you won’t be getting additional windfalls? Can you drop the combo rider?
How can you move money into a policy right away?
How can you plan for expected windfalls?
How is this policy like a gas tank in a car?
How can you lock in your insurability?
How might you create a space to pour in cash?
How might you fund a college education without depleting or jeopardizing retirement funds?
What are the common vehicles for college funding?
Have you heard Episode 27?
What happens when you lock money into a qualified 529 plan?
How are Bank on Yourself type policies more flexible than a 529 plan?
What are some cool motivational incentives to get your kids to apply for a full ride?
What are all of the advantages?
Why does the government penalize parents that have saved for retirement and college?
Why does the government want you to be as poor as possible on paper to qualify for college funding advantages?
What can permanently give you an income that you can’t outlive?
What is the takeaway?
Are you working with an advisor who understands the nuances of these strategies?