What Type of Life Insurance Do You Really Want?

What Type of Life Insurance Do You Really Want?

Some advisors suggest buy Term Life Insurance and invest the difference, but there’s a better way—it’s not a secret! In this episode, we explore why Universal Life Insurance (UL, VUL, IUL) variants are just a re-packaged form of the same outdated strategy.

Instead of relying on those, we recommend purchasing Whole Life Insurance with a strong PUA rider (Paid-Up Additions) and possibly adding some convertible term insurance for flexibility.

When all the pieces come together, it just makes sense! Plus, learn how long you should keep your PUA rider on your policy to maximize benefits.

Key Takeaways

• Whole Life Insurance with a strong PUA rider is a superior choice.
• Why Buy Term and Invest the Difference doesn’t provide the same security.
• Insights on how to use convertible term insurance effectively.
• How long to keep the PUA rider for the best results.

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Resources:
Do You Have a Friend Selling Indexed Universal Life Insurance? – Podcast
Nassim Taleb – Author, Investor & Philosopher