901: Friday Q&A: Why You Should Maximize Tax-Deferred Plans, UTMA Accounts, Dividends on Whole Life, Asset Allocation, Business, Etc.
Radical Personal Finance
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What's the End Result?
Insurance agent does receive some commission on the additional premiums, but it's a very low number compared to the commission rate that's paid on the base premium. So basically when you write a contract with a lot of additional premiums and you quick pay it, then you wind up lowering the commissions to the insurance agent. And in general, assuming that these contracts are 80 year contracts, 100 year contracts, I just soon be able to make premium payments at least all the way to 65.
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