In this episode of the Taylored Tax Show, co-hosts Terrence Taylor and Big Al Darnell Jr. dive into the strategic use of life insurance, particularly indexed universal life insurance policies, to complement health insurance. They discuss the advantages of incorporating additional riders into these policies to address health-related challenges. The episode highlights three specific riders: long-term care rider, chronic illness rider, and critical illness rider. Tune in to learn how these insurance strategies can help high-profile taxpayers optimize their health coverage and potentially save on taxes.
"Medical bills are the main reason why Americans and American families go bankrupt."
Highlights:
[00:01:02] Life insurance and health benefits.
[00:05:55] Chronic illness rider benefits.
[00:10:18] Long-term care insurance riders.
[00:13:06] Long term care rider benefits.
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