The goal isn’t to buy a large amount of life insurance. Instead, you should aim for the least amount of insurance possible to maximize your funds.
For example, if you’re 60 years old and you want to put $500,000 into an indexed universal life (IUL) policy, you only need a $1 million death benefit. You don’t need $5 million or $10 million. While you could get that much coverage, it’s not ideal because it would consume all the interest earned on your $500,000.
The objective is to maximize your policy’s benefits with minimal insurance coverage, ensuring optimal growth and returns.
To learn more about this strategy, I highly recommend my book, The LASER Fund. It retails for $20 on Amazon, but I’ll gift you one for FREE. Claim it at laserfund.com and just cover the shipping! #shorts
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