How do you know if it’s time to convert your term insurance to whole life? If you have a term life insurance policy that is aged, or you wanting to just convert that policy to a whole life policy this is the episode for you. Kim and Spencer talk about the maximum cash value method so you can make the best decision.

Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show?

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Show Notes

  • Kim talks about a term policy – 3:25
  • Switching to one type of policy from another – 3:38
  • Kim tells us that in India, people understand what is a term policy, and a Life Insurance Policy – 4:28
  • The next steps a person should take? – 6:15
  • Kim talks about the importance of savings – 6:45
  • How Kim would approach a case study situation – 8:44
  • Understanding the Death Benefit – 9:35
  • They talk about “Human Life Value” -10:13
  • Minimum Death Benefit and Maximum Cash Value Method – 11:16
  • Kim recommends a book: “Live Your Life Insurance” – 15:15


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