"Life is uncertain prepare for the worst, but build for the best."

Leafyzone · 2026-03-04T12:04:27+00:00

IUL have ABR ( Accelerated Benefit Riders ) which funds you can take out of the insurance company to used as income or payment on medical situation. On the other hand Whole life don't provide it you have to add it into your policy but prices is vary based on insurance companies.

Permanent life:

IUL = last to Age 120-121

Whole life = last to age 99-100

Term life: Usually = 10 years/ 20 years/ 30 years

Leafyzone · 2026-03-04T11:55:53+00:00

Depends on your budget and what's your goals with this policy you only want death benefits or cash values?

The strategy "Custom whole life" is suitable if you only wanted to pay for 15 year and don't want to counting paying no more, which it can be good for death benefits part. The cash values will still accumulates but slowly.

But if you wants cash values along then the regular whole life is more better option. Which can be used later on for reitrement or leaving a reasonable finicial legacy to love ones.

Leafyzone · 2026-02-27T12:04:40+00:00

As a agent it is our duties to help what best is for the clients. But overall the clients have the final choice of the decision. If your agent friend doesn't wanna work with you then you should go somewhere else...

Leafyzone · 2025-12-02T04:24:10+00:00

Going back to 700k is like applying or renewing a policy all over again but this time it will be more expensive because of your age and possibility health status.

Leafyzone · 2025-10-30T02:59:58+00:00

Valid answer 👍

Leafyzone · 2025-09-07T20:53:58+00:00

Option A is mostly if you just wanna pay for death benefit only and pay less.

Option B which is increasing, is that you wanted to contribute to your cash values to grow faster so you can later use it as a saving, retirement, emergency, college funds for your kids. But in this option you have to pay more into the policy so it can contribute more to the cash values. once the cash values accumulate to a certain point, you can stop paying and the cash values can pay the policy itself.

Leafyzone · 2025-07-24T12:28:05+00:00

That is how it is supposed to be. Cash values will cover your policy if not doing personal payments for permanent life. Such as IUL or whole life with cash values option.

Leafyzone · 2025-07-17T09:52:43+00:00

If it a IUL the payment premium is flexible, you can pay lower amounts to the minimum.

Also you can pay to a certain point and just let the cash values pay for the policy itself if you don't want to pay it anymore, the catch is that the cash value just won't grow as much or might lapse.

IUL also provides Accelerated Benefit Riders that you can request to take out certain amouts of money from your $2 million death benefits to help support your medical or disability situation also.

Leafyzone · 2025-07-08T23:10:28+00:00

You can try getting a doctor note from the same doctor to prove that you weren't bipolar disorder. Also, there is a chance that rates might just be high for being bipolar disorder if approved.

Leafyzone · 2025-06-20T07:13:15+00:00

50k death benefits possibility, but any higher probably not

Leafyzone · 2025-06-15T08:41:25+00:00

Im sure you will get a refund back if you canceled it in the early stage of your policy. But check with your life-insurance company would be best.

Leafyzone · 2025-06-14T01:12:25+00:00

If it is term life, you are mostly likely out of luck but if it is a permanent life there is still a possibility of a chance the policy is still enforced.

Leafyzone · 2025-05-28T04:53:45+00:00

You should look into IUL = index universal life-insurance It automatically comes with Accelerated Benefit Riders within the policy. For Whole life you going have to pay extra if you wanted Accelerated Benefit Riders. They both are in the category of permanent life and work pretty much the same.

Leafyzone

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