The Multiple Uses of Life Insurance Premiums – Episode 113

Summary:

Today’s topic is something that a lot of people might not understand completely – the multiple uses of paying life insurance premiums. Best selling author Kim Butler and No BS Money Guy Todd Strobel clarify and explain just how pay your life insurance premium works, when you can stop, what that money really does and goes toward, and the flexibility that minimum and maximum pay depositions allow. Tune in today to learn more about whole life insurance and take control of your financial future!

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

0:00 Intro

0:44 Multiple Uses of Paying Life Insuraance Premiums

1:29 When Can You Stop Paying Your Premium?

2:50 What Happens When You Pay Your Premium?

6:22 The Importance of the Annual Break Even

7:55 How Premium Builds the Death Benefit

11:45 Minimum & Maximum Pay Depositions

17:34 Peace of Mind that Comes with Whole Life Insurance

18:29 Where to Go for More Information

19:18 Outro

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