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Episode 92: [Great Problems] Can I Put A Lump Sum into a Policy? Part 1

https://media.blubrry.com/nyafinancialpodcast/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_92.mp3

June 7, 2019 by Not Your Average Financial Podcast

https://media.blubrry.com/nyafinancialpodcast/p/content.blubrry.com/nyafinancialpodcast/NYAFP_Episode_92.mp3

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In this episode, we ask:

  • What are the six major reasons why people put lump sumps into Bank on Yourself type policies?
  • What about paying off debt? What is the debt snow bank method?
  • What about finding a new place for your safe money to live?
  • What about an instant inheritance?
  • What about protecting from the expenses of long term care?
  • What about a capital fund for business opportunities?
  • What about a holding place for future expected lump sums?
  • What about funding a college education?
  • What about the policy loan feature?
  • What is a single premium policy?
  • Can you put a lump sum in and add a regular payment?
  • How can you consolidate debts or pay them off while still growing your money?
  • How can you boost your retirement income?
  • What are some of the benefits of moving debt from creditors to your own policy?
  • What if you could pay back loans on your schedule?
  • How about access to cash value?
  • Have you heard Episode 33?
  • Have you heard Episode 75?
  • How long does it take to pay off the debt?
  • How did Karen pay down her debt?
  • How can you reach out to Brandon?
  • How can you access the cash value?
  • What about tax dynamics?
  • Are you concerned about the volatility of the market?
  • What about receiving an inheritance?
  • What happened to a widow who put her inheritance in the market?
  • What about flexibility and control?
  • What about a tax free death benefit?
  • What about an instant inheritance that’s greater than what one can save alone?
  • What about planning for long term care needs?
  • Is it likely that we will need long term care?
  • What about the rate of return?
  • Are you planning to live a long time?
  • Are we living longer?
  • What are the costs of long term care?
  • What about home health aids, semi-private nursing room or private nursing rooms?
  • What is growing double the rate of inflation?
  • What about a surviving spouse?
  • What are the four ways to pay for long term?
  • Can you save cash for long term care in a private fund?
  • What is a traditional long term care policy?
  • Why are people no longer buying traditional long term care?
  • How much do traditional long term care policies cost each month?
  • What about single premium whole life policies with long term care benefits?
  • What are the benefits from a single premium policy that covers the long term care expenses (if you even need it)?
  • What happens if you have a terminal illness or need a life saving surgery?
  • What about the death benefit?
  • What about leaving a legacy?
  • Are you amazed?

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