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Podcast: The Money Advantage Podcast
Episode: What Is Reduced Paid-Up (RPU) Insurance?
Description: What Is Reduced Paid-Up (RPU) Insurance?
Somewhere buried in your whole life insurance policy, there's a provision called the reduced paid-up option. Most people never think about it until they need to. And by then, they're usually Googling it in a mild panic. So let's get ahead of that.Â
Reduced paid-up insurance is a nonforfeiture option written into every whole life policy. It gives you the right to stop paying premiums and keep a smaller, permanent death benefit, fully paid up, no strings attached, no further payments required. Your cash value funds the whole thing.
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