Seeding Your Future
Episode description
Join John & Doug as they delve further into a topic discussed earlier in the year- convertible term insurance. When whole life premiums aren't a good fit for your current situation, but may be in the future, a convertible term policy is the solution. Lock in your insurabilty and know that you have the contractual right to convert to a quality whole life policy when your finances allow.
"There is a provision that allows you to convert your term policy to a permanent life insurance policy without having your health rescreened for pricing and issuance purposes. This conversion can be done within a specified period of time for an amount equal to [or less than] the amount of the term policy. There is both economic and emotional value in the convertibility of a term life insurance policy. Principle # 5: I want to get as much life insurance coverage as I can get, because there is not a large enough sum of money that an insurance company will issue that can fund the future that my family and I have dreamt of.” - Bryan S. Bloom, CONFESSIONS OF A CPA, The Truth About Life Insurance.
Connect with John Fox Ward:
Website: Nash Cashflow - The Nash CashFlow Group
Email: John@nashcashflow.com
Connect with Doug MacKenzie:
Website: Control Capital Solutions