Why Insurance Matters
My core values of faith, family, health, and experiences drive my saving habits, ensuring their protection through insurance against unexpected tragedies.
June 4, 2021
My core values of faith, family, health, and experiences drive my saving habits, ensuring their protection through insurance against unexpected tragedies.
We examine a strategy where the child owns a life insurance policy on their parents, paying annual premiums of $15k for 20 years and receiving a tax-free death benefit of $700k after their passing, achieving an 8.18% internal rate of return.
Busy executives often consider three main life insurance options: Term Insurance for death benefit protection, Max Funded Permanent Insurance for cash value growth, and Permanent Hybrid Insurance for a mix of benefits.