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The Paid Up Additional Insurance rider, or PUA, as it's generally referred to is a critical component of policy design that allows whole life users to begin implementing the infinite banking concept immediately. We've discussed this wonderful rider many times in previous episodes, but are still getting a lot of questions from our clients on this, so we figured it was time to devote some more air time to this one!
“When using this type of life insurance to solve your need for banking, we will de-emphasize the immediate death benefit, but accentuate the banking qualities. (the cash values).The base policy will pay dividends and the PUA rider will also pay dividends. They should be used to buy Additional Paid-Up Insurance, which gives more meaning to the infinite qualities of the system.”
R. Nelson Nash, Becoming Your Own Banker (page 38)
Connect with John Fox Ward:
Website: Nash Cashflow - The Nash CashFlow Group
Email: [email protected]
Connect with Doug MacKenzie:
Website: Control Capital Solutions
Email: [email protected]
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