Hey Steve, I don't expect a video on this, but I'm curious if you've seen instances, perhaps with younger and healthier clients, where the illustrations show that starting with a lump sum to be better than multiple payments? Or is it fairly safe to assume that spreading the initial funding over multiple years will effectively always yield a better cash value and death benefit position?
Really good question. In most cases, spreading a lump sum over a 2 to 5 years will yield more cash value than a 1x lump sum. For a young healthy individual a 1x lump sum can work well if they plan on paying the premium for a few years after the initial lump sum.
Hey Steve, I don't expect a video on this, but I'm curious if you've seen instances, perhaps with younger and healthier clients, where the illustrations show that starting with a lump sum to be better than multiple payments? Or is it fairly safe to assume that spreading the initial funding over multiple years will effectively always yield a better cash value and death benefit position?
Really good question. In most cases, spreading a lump sum over a 2 to 5 years will yield more cash value than a 1x lump sum.
For a young healthy individual a 1x lump sum can work well if they plan on paying the premium for a few years after the initial lump sum.