Today, we continue the life insurance series with the valuable background of whole life insurance. Exciting stuff!
This show is an introduction to the various product features and design ideas. We cover:

Ordinary life insurance
Limited pay life insurance
Cash values
Policy loans
Nonforfeiture or Surrender Options:

Surrender for cash value
Reduced amount of paid-up whole life
Paid-up term


Annuity or retirement income
Policy conversion
Participating versus nonparticipating policies
Policy dividend options

Cash
Applied to premium
Used to purchase more insurance (fully paid up)
Left with insurer to earn interest
Used to purchase more insurance (term)
To overpay premiums until policy is fully paid up



Enjoy the show!
Joshua

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