The Wealth Without Wall Street Podcast Round Table | How Long Should I Pay my PUA
It’s another round table discussion where we break down the topics within the Infinite Banking Concept (IBC). Today, we’ll talk about how long you should pay your paid-up additions (PUA) rider. Last time, we talked about what we can do with dividends, one of which is reinvesting it. In essence, you purchase paid-up additions (PUA) using the policy’s dividends instead of premiums. Paid-up additions enable more cash value in your insurance policy and faster growth from dividends. It’s like rocket fuel that helps make your money more efficient. An intriguing discussion is how long you should be paying your PUA. Why do you think that question comes up?
Below are some considerations when people decide how much money they are willing to invest and how long they should pay:
- People want to have cash right away.
- People want to create a highly efficient contract as quickly as possible.
- People want to create a tailwind of growth, making it as efficient as possible to propel their policy with sustainable growth and sustainable cash values for an extended time.
There’s not a one-size-fits-all answer, nor a hard and fast rule to how long you should pay your PUA. It all depends on what your ultimate goal is. The Inner Circle discusses topics like this in more detail, along with the numbers.
Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.
This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.
The hosts may have a financial interest in the programs or services mentioned in this episode.
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