Specialist · Grand Rapids, MI · Member since 2020 · 116 posts · 80 votes
3y
It's a good strategy for the right person. When designed properly and implemented properly throughout the years, it could really be beneficial.
The idea is to keep the death benefit as low as possible to keep the internal costs of insurance down. If it's used for funding RE, it's designed differently than if needed for death benefit.
Financial Advisor · Boynton Beach, FL · Member since 2015 · 833 posts · 798 votes
3y
It depends on the purpose of the life insurance. If you are thinking of leveraging the cash value for investing in real estate, then its every bit as good as Whole Life. This subject has been covered extensively on BP. You can check out this post to get a good idea of the different perspectives:
Los Angeles, CA · Member since 2019 · 97 posts · 38 votes
3y
@Thomas Rutkowski very useful information thank you brother 🙏🏽 there’s so much to learn and i am only in beginning. I’m looking at the elephant in front of me, scratching my head, thinking, “how am i going to eat this thing!”