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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Is the Index Protection Benefit on the Contract Going Forward?
The index protection benefit is basically an automatic ratcheting up of the policy face amount. Every year they're purchasing what in reality is a new small whole life insurance policy, an additional amount. And then those expenses to the contractor are credited internally to the contract. So if you no longer want or need the IPB and what you want instead is the full dividend to be credited, then you can drop the IPB off the contract and just simply keep it going forward.
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