Solving Your Whole Life Insurance Mistake

Were you sold a bad whole life insurance policy? In this video I'm going to teach you how to DUMP IT in the best way possible! (If you missed my video explaining why you shouldn't take out permanent life insurance check it out here: https://youtube.com/live/WzfrxhHcQKg?feature=share.)

I walk through what to do BEFORE you touch you permanent life insurance policy, including how to get legitimate life insurance via an employer sponsored policy or 15-20 year term life insurance, and how to minimize the financial cost of your current whole life insurance plan. We will look at the paid up death benefit option and ways to reduce your premium via an in-force policy.

Also, in a "best-case" scenario, I explain how to cash-out your whole life policy and plan for taxes and the surrender schedule (watch the video to find out what that means and why it's important :)

Remember, Financial Freedom is found through Discipline 👏

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Timestamps:
00:00 - Why you need to dump whole life insurance
00:58 - What to do before you touch your permanent life insurance policy
04:45 - How to get a paid up death benefit
06:01 - How to use an in-force clause to reduce your premium
08:05 - Reduce both your whole life premium and death benefit
09:07 - How to cash out your permanent life insurance policy

#lifeinsurance #wholelifeinsurance #personalfinance