Cash Value Insurance Basics for Retirement Planning

Todd Boddy, RICP, was the featured guest speaker of Professor Kevin Suber, PhD, of a Collin College Banking and Finance class discussing basics of cash value life insurance. In the video below, Todd provides slide show comparisons and introduction on the use, guarantees, investment features, and relative lifetime costs of Term, Whole Life, Universal Life, Variable Life, and Indexed Universal Life Insurance. For many corporate employees nearing retirement, personally owned life insurance is often an overlooked powerful wealth and tax tool to be considered as a vital piece of their retirement plan. Understanding how life insurance works as early as possible in your career, cannot be overstated.