Ep. 96 - Whole Life Insurance Deposit Options: Breaking Down the Load Fee
Many whole life insurance policies allow policyholders to make additional contributions through a deposit option to purchase Paid-Up Additions and accelerate cash value growth. However, these contributions typically come with a load fee, which often raises questions for policyholders.
In this episode, Lacy breaks down what the deposit option load fee actually is, why it exists, and what it covers. She explains how the fee is used to cover provincial premium taxes, policy administration costs, and advisor compensation.
You'll also learn how deposit option contributions are processed inside a…
The skinny
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