Second Step to Setting Up a FPF
Purchase with maximum funding
After finding the right company with the right financial professionals the next step is to submit an application for approval. The application will go through underwriting.
If structured properly the policy should have at least these qualities.
- Minimized risk
- Maximized long term profit potential
- Flexible, so you can change or adjust the policy if you so desire
Once approved the funding aspect should be set to maximize the policy in five years according to modified endowment contract limit laws. Ideally as you open the policy you could have 1/5 of the of the maximum amount paid by the end of the first year.