Updated over 5 years ago on . Most recent reply
#5 Personal Finance Contributor
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- Boynton Beach, FL
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Understanding Costs in a Maximum-funded Life Insurance Policy
#5 Personal Finance Contributor
- Financial Advisor
- Boynton Beach, FL
1 Reply
- 03/26/20 01:00PM - 01:30PM America/New_York
- https://bit.ly/2vHIURm
- Free
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In this session we are going to talk about life insurance fees and charges in a maximum over-funded life insurance policy. If you are going to invest in real estate by leveraging cash value life insurance, you want to make sure that you have as much cash value as possible. In order to do that the fees must be minimized.
A good policy design for The Double Play should result in about 85% cash value to Premium ratio. And I suspect that many of you who have ever seen a life insurance illustrations before have not seen numbers that high. It is much more common to see policies with a cash value of 65 to 75% cash value to Premium.
Those are simply "over-funded". We need maximum over-funded policies for The Double Play: putting your money to work in two places at one time by leveraging the cash value of a maximum over-funded life insurance policy.
So where does the money go? How much is the Cost of Insurance? What is the difference between properly-designed policies and poorly-designed policies?
Sign up and I'll break it all down for you and show you how to avoid making a very common mistake that easily doubles or triples the expenses... and agent commissions.