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 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?