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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Should You Quick Pay a Life Insurance Contract?
There's no, I can't come up with any particular formula that could be applied. If you're making a good amount of money, what's the point of having a $25,000 policy? You're going to want something bigger. When you are building a life insurance contract for cash value accumulation and you want maximum efficiency from the contract, then you quick pay the contract.
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