July 25, 2021
One-Time Payment For Long-Term Life Insurance?
One-Time Payment For Long-Term Life Insurance? In this episode, Chris Berry answers the question, Is there any one-time payment for long-term life insurance?
Estate Attorney and Advisor Chris Berry of Castle Wealth Group answers questions on retirement and estate planning every Wednesday at 1pm. Register via this link or give our office a call at 844-885-4200.
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Episode Transcript:
Is there any one-time payment for long-term life insurance?
Welcome to Berry’s Bites, please join our host attorney and financial advisor Chris Berry the answer is yeah so with IUL we funded over typically a period of five years but we could do a one-time payment to say like a fixed index annuity or we could do a one-time payment to the iul and what they have is a portion of it is sitting in a fixed account that might earn two percent and that two percent then funds the cash value life insurance technically yes. Yes, we can do a one-time payment for long-term or permanent life. Thank you