There are different ways to structure a whole life policy. And that's great, because you can tailor your policy to your needs and goals.
But with all those options, you’ve got to be careful!
That’s why today we’re talking about the 90/10 policy structure. Some advisors really push it. Maybe you’ve heard it’s a great idea. But in my experience, it’s almost always the wrong way to go.
So in this episode I’m explaining why it’s so risky…
And I’ll tell you the rare occasion when it does make sense.
Plus, I’ll share what you and your advisor need to do (no matter how you structure your policy) to make sure it will perform how you want it to, without any unwelcome surprises.
Listen now!
Show highlights include:
- The irreversible consequences if your policy “MECs”. Including its impact on your taxes. (2:20)
- A brief history of income tax rates, so you can know how to plan in case they return to meteoric levels. (4:26)
- How treating Uncle Sam as a business partner helps you make better decisions. (5:04)
- The “rocket fuel” reason to have a sizable base premium for your policy. (8:14)
- Why your “boring mail” could ruin your chance to save your policy from becoming a MEC. (16:56)
Reach out to me: valerie@alphaomegawealth.com
https://www.linkedin.com/in/valerie-laroque-lacp-b569509
Infinite Banking Mastery (infinitebankingnorthwest.com)
