846-Friday Q&A: 3 Corrections, Whole Life, High Interest CC Debt, Living Library, Disability Insurance, Foreign Language, Etc.
Radical Personal Finance
00:00
How to Manage the Financial Needs of a Life Insurance Company
Sudby: If my wife has two million dollars of term in sur a million to term insurance, then i would convert the whole million dollars from term insurance to whole life insurance. I would redirect our cash flow. It wouldn't do much in the beginning years, but once the cash values start to grow, and once the dividends increase, then those dividend payments can become substantial. And if we didn't need the cash, din't need those dividends, then i just simply keep the dividends accumulating in the contracts. That's how i would handle the the financial needs.
Play episode from 01:22:06
Transcript
