Today’s Question: What makes Life Insurance such a unique product?
One of the really great things about Life Insurance is that it allows you to buy future dollars for pennies on the dollar. This is a concept that was brought forth from the great, Ben Feldman. He helped people understand that it is possible to get future money (tax free dollars) down the road, for pennies on the dollar.
There are a lot of different policies you can set this up with. For example, you can set it up with a Term To 100 type policy or a Whole Life Policy, where your payout is guaranteed down the road and you also have guaranteed cost of insurance. You know somebody is going to get that money down the road, but they are not going to pay a dollar for a dollar, instead, they are only going to be paying pennies for the dollar.
It is very important to speak with a broker who is familiar with all the different policies and also works with all the different companies so you can make sure you and your family get the best possible value.
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