MPI® is permanent life insurance, meaning it has no expiration date. Unlike term insurance, it is 100% guaranteed to pay out to your designated beneficiaries, as long as the policy remains in-force. This guarantees that no matter the age at death, spousal and family financial protection is part of your life. In addition, generational wealth can be achieved in your family and/or transferred to other people and causes that are important to you. Your beneficiaries will receive the proceeds of your policy that can be used to pay off debts like a mortgage or credit cards. It also allows you to have confidence to live your best life, knowing that your funeral expenses will be taken care of and that your passing will not be a financial burden on your family. MPI® is designed as an Increasing Death Benefit meaning your beneficiaries will receive both your cash value & your life insurance combined. Various financial influencers suggest you only get either the cash value or life insurance but with MPI®, your beneficiaries will receive both.
They also suggest permanent insurance is “expensive” and advise to “buy term, invest the rest” as a more cost-effective strategy. However, that philosophy is also falsely premised on the condition that by the time someone is 65, they are self-insured (meaning you have sufficient savings to cover any and all expenses as well as leaving the legacy you want). Few actually fall into a category of financial prosperity at death, much less during life and this is the reason permanent insurance is one of the most value assets you can have to guarantee your best future and that of your family.