Ep 162: Life insurance HACKS that you NEED to know.

David Chudyk and Justin Sykes discuss non-traditional uses of life insurance. The most common use for life insurance (and a very important use) is for DEATH benefit protection. This provides a cash death benefit to a beneficiary when an insured dies. The death benefit is then, typically, used to pay family expenses.

Other uses for life insurance are:

1. Cash Value accumulation.
2. Long term care/critical illness protection.
3. Funding of BUY/SELL agreements.
4. Providing revenue to a company if a key person passes away.

To discuss how any of these concepts might fit into your financial situation, email david@parallelfinancial.com OR go to Schedule a Chat (weeklywealthpodcast.com)

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