Live Your Live Insurance
PAGE 1) Part 1 Building Wealth for Life
PAGE 17) Part 2 Living With Your Cash Value CLUE (control, liquidity, use, equity)
PAGE 23) Phase 1 The Start-Up Phase, Years 1-5 (years not age)
PAGE 27) Phase 2 The Leverage Opportunity and Investment Capability Phase-Years 6-30
PAGE 34) Capsule concepts How One Dollar Can Do Many Jobs
PAGE 39) Part 3 Using Your Death Benefit While You Are Alive
PAGE 41) Phase 3 Spending Other Assets-Years 20-40
PAGE 46) Phase 4 Using The Death Benefit or Face Value While Living-Years 41-50
PAGE 53) Phase 5 Setting Up The Family Bank-Years 51+
PAGE 57 Part 4 Glossary and Working Parts Definitions
Working parts definitions:
- Premium
- Cash value (guaranteed portion)
- Dividends that purchase automatic paid-up additions (PUA’s)
- Gross cash value = (b + c) (though some companies call this net cash value)
- Automatic paid-up additions
- Manual paid-up additions
- Waiver of premium
- Death benefit or face amount
- Increasing death benefit
- Interest charged on borrowed cash value
- Owner
- Insured
- Automatic premium loan (APL)
- Reduced paid-up (RPU) policies
- Opportunity cost