Life Insurance Secrets Part2
The 'Tism runs Deep
Last week’s post was a “deep dive” into how life insurance products (namely UL) are priced. If you missed it, catch up here as it is very interesting peek behind the scenes - genuinely there is probably <1,000 people in the country who can and do sign off on life insurance product filings and have spent as much time on it as I.
The takeaway of the post was “life insurance is complicated and even the expertise at insurance companies are not able to price products perfectly due to the amount of variables and the limited charges to use. Which means you have the chance to pay way less for a permanent product.”
Before getting to the actionable advice today, there are 3 quick housekeeping items to address:
What is the cash value life insurance purchase process?
Can life insurance be a wealth growing vehicle?
Do people actually use life insurance this way?
