The Impact Of NOT Paying Policy Interest When It Is Due – Episode 340

This is a different episode because Kim and Spencer have their video camera on! Today, they will talk about a course where you can learn more about whole life insurance. Kim will explain what the course is about and what you can learn from it, so stay tuned and enjoy!

Best-selling author
Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

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Links and Resources from this Episode

Show Notes

  • Teaching all about whole life insurance – 0:31
  • Why the course was created – 1:25
  • Questions with the course – 2:12
  • Impact of not paying the policy interest – 3:22
  • What happens when you pay interest – 4:22
  • Borrow from the insurance company – 5:46
  • The impact on loans and dividends – 7:03
  • A non-direct recognition loan – 8:53
  • The impact of paying premiums monthly or annually – 9:19
  • All players equal for the insurance company – 10:41
  • We have to deal with cash flow – 12:09
  • Does it matter when you pay the premium? – 12:48
  • The policy will exist until the person dies – 15:59
  • Kim encourages people to pay their premiums as long as they can – 16:55
  • The number one job of the policy – 18:11
  • The perfect time to start another policy – 19:54
  • Managing cash flow for new policies – 21:26

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