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In this episode, we ask:
- What is better than a five star review?
- Who needs to hear this?
- Would you like a FREE book? Email us at hello@nyafinancialpodcast.com!
- What about the Apollo missions?
- When will premiums come to an end?
- Would you like to hear Episode 293?
- What about the contractual obligation of the life insurance company?
- What is a maturity date?
- What limits exist?
- What about age 121?
- What about actuarial math?
- What about when the cash value matches the death benefit?
- How is term insurance different?
- What about an example with old fashioned whole life insurance?
- Should I surrender a policy?
- …Do you feel lucky?
- Would you rather…?
- What about an example with Bank on Yourself® type whole life insurance?
- What is growing?
- How do PUAs change everything?
- What is ever increasing…?
- What are the implications?
- What else in the financial universe works this way?
- What about algae?
- What about the explosion of a supernova?
- What did Albert Einstein say?
- How is guaranteed growth possible?
- Would you like to listen to Episode 197?
- Are you forced to pay premiums forever?
- What if you can’t pay the premiums?
- Would you like to hear Episode 203?
- What is reduced paid up (RPU)?
- How does this work?
- What are the trade offs?
- How do different products work?
- How about an example?
- What continues to grow, even after he stops paying premiums?
- What happens if he is still alive at age 121?
- What about funding a policy for only 10 years?
- What about retiring at age 70?
- What about reduce paying up at age 71?
- What will happen to the policy?
- What will the actuarial math do?
- What happens to the cash value?
- How can the cash value continue to increase after RPU?
- Who can RPU? What are the rules?
- What about another example?
- Does this work with lump sums?
- What about a lifetime of tax free access to the cash?
- What happens if one reduce pays up after a policy loan gets out of hand?
- What about paying down a policy loan with cash flow freed up from RPU?
- What about the restrictions on universal life contracts?
- When will premiums need to stop?
- Can expenses ever stop?
- What are some of the other considerations of RPU?
- Would you like to meet with Mark?
How Does Cash Value grow on a guaranteed basis? Follow along below:
Pay One Lump Sum ($138,000)… funds it for 5 years!
Then in year 8 Reduce Pay Up and the cash value continues growing.
Of course, you might not want to fully fund this policy (as seen above for life) – instead you might follow this course of action: Fully fund the policy for 10 years then pay minimally until year 20, then reduce pay up your policy:
All guarantees are based on the claims-paying ability of the insurer. Dividends are not guaranteed.
These are not complete illustrations, but general information. They do not include the load costs or surrender charges which may or may not be included in the images above. All guarantees are based on the claims-paying ability of the insurer. Dividends are not guaranteed.
Please review a full contract and illustration for details when considering this for your situation.
Brett Swarts is considered one of the most well-rounded Capital Gains Tax Deferral Experts and informative speakers in the U.S. He is the Founder of Capital Gains Tax Solutions, is an exclusive Deferred Sales Trust Trustee, host of the Capital Gains Tax Solutions podcast and an eXp Commercial Multifamily Broker in Sacramento, CA and Saint Augustine, FL.
Both originally from South Dakota, Nick Poppe and his wife, Brooke, have been in Northwest Arkansas for the past 2 years with their 2 dogs. Brooke is an Occupational Therapist and Nick works fully remotely in the financial industry. After several years in banking and financial planning and knowing the ‘average’ financial strategies weren’t working, Nick discovered the Bank on Yourself® strategy and has implemented this Not Your Average financial strategy for the past 3 years and has experienced the peace of mind, ease, and guarantees that this strategy provides.
David A. Kozak is the founder and CEO of Elite Collegiate Planning and CEO of the College Planning Network. He has, in his own words, “the distinct honor” to work with families across the country to redefine what “investment” means to them. He believes—to quote Benjamin Franklin—“An investment in knowledge always pays the best dividends.” This drives his passion for educating families about how to send their children to college without jeopardizing their own financial goals and retirement. 
Joseph L. Kerins III, CCPS® is a Certified College Planning Specialist, Financial Planner, and Senior Planner at Paradigm Financial Group. Helping families pay for college without destroying their overall wealth and retirement is Joe’s focus. Many families don’t realize that it is not just a college problem, but a wealth and retirement problem. Joe works with these families to create unique plans with proper strategies to save and pay for college without sacrificing financial freedom and achieving all of their financial goals. Joe lives in Wayne, Pennsylvania with his wife, Mollie, and three children, Joey, Ellie and Eddie. Joe is a fourth-generation member of the South Philadelphia String Band, which participates annually in the Mummers Parade in Philadelphia.
Andrew Young is the Director of Recruiting for Bank On Yourself®. For over 25 years, 