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Ep 162: Life insurance HACKS that you NEED to know.

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Manage episode 409425108 series 3502811
Content provided by David Chudyk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Chudyk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

David Chudyk and Justin Sykes discuss non-traditional uses of life insurance. The most common use for life insurance (and a very important use) is for DEATH benefit protection. This provides a cash death benefit to a beneficiary when an insured dies. The death benefit is then, typically, used to pay family expenses.

Other uses for life insurance are:

  1. Cash Value accumulation.
  2. Long term care/critical illness protection.
  3. Funding of BUY/SELL agreements.
  4. Providing revenue to a company if a key person passes away.

To discuss how any of these concepts might fit into your financial situation, email david@parallelfinancial.com OR go to Schedule a Chat (weeklywealthpodcast.com)

To get your Value Builder Score, visit www.weeklywealthpodcast.com/valuebuilderscore

  continue reading

192 episodes

Artwork
iconShare
 
Manage episode 409425108 series 3502811
Content provided by David Chudyk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Chudyk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

David Chudyk and Justin Sykes discuss non-traditional uses of life insurance. The most common use for life insurance (and a very important use) is for DEATH benefit protection. This provides a cash death benefit to a beneficiary when an insured dies. The death benefit is then, typically, used to pay family expenses.

Other uses for life insurance are:

  1. Cash Value accumulation.
  2. Long term care/critical illness protection.
  3. Funding of BUY/SELL agreements.
  4. Providing revenue to a company if a key person passes away.

To discuss how any of these concepts might fit into your financial situation, email david@parallelfinancial.com OR go to Schedule a Chat (weeklywealthpodcast.com)

To get your Value Builder Score, visit www.weeklywealthpodcast.com/valuebuilderscore

  continue reading

192 episodes

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