When it comes to life insurance, there are many differences of opinion. The people in the business of selling life insurance love it, of course. And the financial planning industry, the people who want you to put your money in the market, tend to hate it.
Why all this difference in opinion you ask? Well, it’s because many of the people in the financial industry don’t fully understand the benefits of whole life insurance —that’s why!
This week, on the David Lukas Show, David uses the first half-hour to discuss all of the real benefits life insurance, whole life insurance specifically, has to offer.
The primary advantages of whole life insurance are:
- Protection for life – The policy will never expire or go down in value.
- Level Premiums – The rate you pay will never increase.
- Cash Value – A portion of your premium builds cash value—which can be borrowed against. In short, you become your own banker with control over your money!
During the second half of the show, David addresses a specific listener’s question concerning whole life insurance. The listener’s question being:
Should I cash in the $15,000 whole life insurance policy, that I inherited from my father, to pay off some of my outstanding loans and debt? Although my father’s plan only costs $96.00 a year, I already have a $150,000 policy in place for myself. What should I do?
To hear insights from David—the retirement expert, listen to the entire show today!
Want to know more about how David Lukas Financial can benefit you and your retirement portfolio—call all David Lukas, (501) 218-8880, today. David has partnered with Tony and his WorryFree Retirement® network to help his clients implement the WorryFree Retirement® process. It’s unlike anything else in the industry.
Do you know your financial DNA? Are you a Saver, an Investor or a Speculator? Learn about the three personalities of money and take the test today at: DavidLukasFinancial.com
And remember, in the concept of ownership: A dollar has no value until it’s converted into cash and used penalty free!