How to Design a Life Insurance Policy

Life insurance policies, especially one of the universal flavors of life insurance are definitely not set and forget at things. You can avoid it becoming a meck if it is an indeed a savings vehicle for you. The seven pay test allows you to kind of see what's the maximum you can put in to the policy relative to a certain death benefit that you want to own for life. But I think again, it goes back to how it fits in your in each person's plan.