7 responses

  1. Scotty Needham
    September 29, 2010

    Once again, great article Pamela. Can you briefly explain the difference between inflation and deflation…Or point me to a good link on that? Also, how long could you generally go without paying the premium before the policy would lapse?

  2. Paul Hohman
    September 29, 2010

    Another great article, Pam.
    Clear and to the point, especially about many folks hesitance.
    I guess they forget about the famous old definition of insanity- ie:
    Doing what you’ve always done and expecting different results.
    About a “hiatus” in work… Even with companies that won’t let you “skip” an annual paid up additions deposit; one could “borrow” the deposit and later deposit it to keep the flow going and then catch up on it later when things got better or they got a financial break.
    A little planning and management would keep the big earnings up even in light of a minor setback.

  3. Dave
    October 2, 2010

    Is it better to take out a smaller policy , with smaller premiums ,let it build cash value as a buffer in case of a job loss. Then add additional policies when the first policy’s dividends are making most of the payment.


  4. Dave
    October 2, 2010

    What is the smallest amount of insurance you can purchase?

    • Pamela
      August 30, 2011

      Dave – You can start at whatever level is comfortable for you. However, I can’t make any specific recommendations, and neither could a Bank On Yourself Authorized Advisor, without knowing your situation.

      You’ll get a referral to one when you request a free, no-obligation Analysis. The advisor will be able to show you the best way to structure your policy to give you flexibility and peace of mind.

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