About this episode
David Chudyk and Justin Sykes discuss non-traditional uses of life insurance. The most common use for life insurance (and a very important use) is for DEATH benefit protection. This provides a cash death benefit to a beneficiary when an insured dies. The death benefit is then, typically, used to pay family expenses. Other uses for life insurance are: Cash Value accumulation. Long term care/critical illness protection. Funding of BUY/SELL agreements. Providing revenue to a company if a key person passes away. To discuss how any of these concepts might fit into your financial situation, email david@parallelfinancial.com OR go to Schedule a Chat (weeklywealthpodcast.com) To get your Value Builder Score, visit www.weeklywealthpodcast.com/valuebuilderscore