Description
It’s important to realize that its best to spread out your savings when funding a policy. You should spread out your savings over 4 to 5 annual premiums. I know you may want to rush in and fund your Policy quickly. However, its super important to understand that you shouldn’t use a Single Lump Sum Premium to do that. The problem with Single Premium Whole Life Insurance is that it will result in a much higher Death Benefit and much higher costs. These costs can sabotage your Cash Accumulation.
The purpose of this article is to show you the reasons why a Single Premium Whole Life Insurance Policy should be avoided.
Read the blog on Policy Expenses (or watch the YouTube video) before diving into this article.
Be sure to also download:
for a primer on Life Insurance.
For the price of buying me a beer, you can learn how to avoid making this costly mistake.
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