Not Your Average Financial Podcast™

Episode 144: Are Life Insurance Policy Riders Worth It?


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In this episode, we ask:

  • Is whole life insurance super boring?
  • How might you super charge your coverage with riders?
  • Have you heard Episode 142?
  • Have you heard Episode 143?
  • What is a rider?
  • How might you learn what riders are appropriate for you?
  • Would you like us to review your riders? Schedule a Time with Us
  • Can we put every rider on every policy?
  • What riders enhance living benefits?
  • What is the paid up additions rider?
  • How does a paid up additions super charge a policy?
  • What is a disability income rider?
  • What else can do this in the financial universe?
  • How long does it take to start?
  • What makes it cool?
  • What is the definition of a word?
  • How do different companies have different definitions?
  • What is a waiver of premium rider?
  • How is this rider powerful?
  • Do we put all of these riders on Bank on Yourself® type policies?
  • What about stand alone disability policies?
  • What is a premium deposit fund?
  • What about working with lump sums?
  • Have you heard about the combo rider (Episode 143)?
  • What about guarantees?
  • How does the premium deposit fund work?
  • Is the premium deposit fund liquid?
  • What are the limits?
  • What about member benefits?
  • What about the death benefit?
  • How are taxes applied to death benefits?
  • What about an accelerated death benefit rider
  • What about care?
  • How much does care cost?
  • What are the four ways to pay for long term care?
  • Would you like an example?
  • What’s a 1035 exchange?
  • What is a life insurance policy with a long term care rider?
  • What about income in retirement?
  • What about underwriting?
  • What about a guaranteed insurability rider?
  • What about an accidental benefit rider?
  • Should we plan for how we will die?
  • What is a child or spouse protection rider?
  • Can you convert riders to permanent policies?
  • When is an individual policy better than adding a rider?
  • What are all of the powerful options?
  • Are there any mutual funds that do this?
  • What about stocks or bonds or ETFs or real estate?
  • Does your advisor understand these riders?
  • What about a system of policies?
  • What do you want your policies to do?
  • Do you love the nerdiness?
  • Would you like to send us a screenshot of your review on this podcast? We’ll send you a free book!
    • Send your screenshot and let us know via email at [email protected]!
    • What are our listeners saying?
    • Would you like to answer the question of the month?  Let us know! This question expires June 7, 2020, so send in your answer right away.
      • If you could not leave your family any money at all, but you could only leave them a principle, or an idea or a concept or a habit to achieve fulfillment and success in their life, what would it be?
      • Go to speakpipe.com/nyafp and let us know!
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