P4P’s Kim Butler and No BS Money Guy Todd Strobel answer another listener-submitted question. Life insurance terminology and lingo is the topic of discussion. Kim and Todd travel the A to Z’s of life insurance with a few pit stops along the way.
Also, will this episode be the last for Todd’s favorite phrase, “super?” Find out on today’s episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show, be sure to keep sending us questions!
[0:52] Understanding Life Insurance Terms and Terminology
[5:08] Cash Value
[12:37] Gross Cash Value
[13:22] Automatic Paid-Up Additions
[16:35] Waiver of Premium
[18:36] Death Benefit or Face Amount
[19:41] Financial Planning Has Failed
[20:34] Increasing Death Benefit
[23:42] Positions Within Life Insurance
[25:52] Automatic Premium Loans
[27:02] Reduced Paid-Up
[29:26] Opportunity Cost
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.