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Podcast: The Investor Coaching Show with Paul Winkler
Episode: NASCAR Driver Sues Pacific Life for $8.5 Million Over Indexed Universal Life Policy
Description: Paul, Jim, and Evan bring up a lawsuit between NASCAR driver Kyle Busch and Pacific Life. Busch was sold a life insurance policy that would allow him to pull out $800,000/year after he turned 52. After many attempts to talk with his agent, it seems his money is gone. Listen along to hear why insurance products that claim to be “safe” are even too risky for someone who drives race cars professionally.
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