Second Step to Setting Up a PRB

Structure the Policy Properly

Choose a whole life policy that you can add a paid up addition rider that will accelerate the increase cash value and increase the death benefit. To avoid creating modified endowment contract you may have to also add a term life rider.

After you have set up your bank, make the largest cash deposit you can. 

Use a paid up addition rider to build the cash value swiftly. The object is to build cash value for you and provide a death benefit for your loved ones.

The cash can come from:

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• Current earnings
• Savings
• Retirement accounts
• Other insurance policies
• Paid off cd’s
• Brokerage account

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Your insurance representative should be to let you know what the MEC limit is so you could know how much you could pay into the policy.

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