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246. Finance Ninja & Theatre Nerd Bailie Slevin

Signal To Noise Podcast

NOTE

Beware of Universal Life Policies

Universal life policies created in the 80s allowed people to invest in the stock market through their policies, but loopholes emerged. If the market performs poorly, policyholders may suddenly owe high premiums to keep their policy active. This situation led to policies becoming unsustainable around 2008, with some individuals facing drastic premium increases or policy terminations. It's crucial for financial advisors to consider worst-case scenarios rather than assuming continuous success when recommending policies. In contrast, term insurance is a more reliable option.

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