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?
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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