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How To Use Life Insurance Cash Value | Episode 458
Manage episode 403421575 series 1082285
The death benefit is probably the most prominent feature of life insurance and the feature most people think of when they think of life insurance. But that’s not the only benefit of life insurance, you can use the cash value of your life insurance while you’re still alive because your life insurance policy is collateral.
You can also assign your life insurance as collateral to use other people’s money.
If you own a business you can use life insurance as a benefits program and to keep critical employees.
Resources: To get term insurance contact https://mcfieinsurance.com/ Mailto:team@mcfieinsurance.com call: 702-660-7000
Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074
Watch on YouTube: https://youtu.be/axpMwXi2s78
500 episode
Manage episode 403421575 series 1082285
The death benefit is probably the most prominent feature of life insurance and the feature most people think of when they think of life insurance. But that’s not the only benefit of life insurance, you can use the cash value of your life insurance while you’re still alive because your life insurance policy is collateral.
You can also assign your life insurance as collateral to use other people’s money.
If you own a business you can use life insurance as a benefits program and to keep critical employees.
Resources: To get term insurance contact https://mcfieinsurance.com/ Mailto:team@mcfieinsurance.com call: 702-660-7000
Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074
Watch on YouTube: https://youtu.be/axpMwXi2s78
500 episode
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