Ep 162: Life insurance HACKS that you NEED to know.
The Weekly Wealth Podcast · David Chudyk
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Show Notes
David Chudyk and Justin Sykes discuss non-traditional uses of life insurance. The most common use for life insurance (and a very important use) is for DEATH benefit protection. This provides a cash death benefit to a beneficiary when an insured dies. The death benefit is then, typically, used to pay family expenses.
Other uses for life insurance are:
- Cash Value accumulation.
- Long term care/critical illness protection.
- Funding of BUY/SELL agreements.
- Providing revenue to a company if a key person passes away.
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