“We like step premiums because it gives us flexibility… there’s no point locking in a level premium for $3 million of life cover”
Stuart Weems · Investopoly · Ep 431: How much life insurance do you need: And when to cut it
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What was described
Recommend step-premium life insurance policies instead of level-premium policies
Said nearby on the same subject
“We put your 4 million into an income annuity… we put it into a life insurance policy, put the life insurance policy into an irrevocable life insurance trust… 12 million free of taxation to his children”
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Said on Entrepreneurs on Fire
How they work$4 million initial IRA; projected $12 million tax-free benefit to heir…Share this moment
“It might not just be the GL product, but other products could be implicated… DNO policy, an umbrella policy”
“The typical interest rate on a savings account is so low you need a magnifying glass; cash in a whole life policy grows guaranteed and pays dividends.”
“We started a steel manufacturing company… all of these reset homes are built using cold form steel… we got a guarantee of insurance… they will write a policy with a 60% discount.”
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Matt Bukroski / Builders Workshop
Risk Management: Brick by Brick ·
Why it worked60% insurance discount; guarantee of insurance for any client using th…Share this moment
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